Resurs Bank successfully issues SEK 300 million of subordinated Tier 2 bonds

Resurs Bank AB (publ), a wholly owned subsidiary of Resurs Holding AB (Nasdaq Stockholm: RESURS), has issued SEK 300 million of subordinated Tier 2 bonds in the Nordic market. The offer attracted very strong demand from the Nordic investor base where institutional demand dominated the oversubscribed orderbook. The subordinated Tier 2 bonds are issued under Resurs Bank's MTN programme with a total frame of SEK 3 billion and with a final maturity in January 2027 while paying a coupon of 3m Stibor +4.40%.

Transaction details:

Issuer: Resurs Bank AB (publ) 

Instrument: Tier 2 bond 

Ranking: Subordinated 

Maturity: Final maturity 17 January 2027, first call 17 January 2022 

Coupon: 3 months Stibor +4.40% 

Joint lead managers: Carnegie Investment Bank and Nordea 

For additional information:
Peter Rosén, CFO Resurs Holding, +46 736 564 934
Gunilla Wikman, Investor Relations Manager,; +46707638125

This information is such information that Resurs Bank AB is required to disclose pursuant to the EU Market Abuse Regulation and the Swedish Securities Market Act. The information was submitted for publication by the abovementioned contact person on 10 January 2017 at 6:30 p.m. CET.

About Resurs Bank 

Resurs was founded in 1977 and is one of the fastest-growing niche banks in the Nordic region. During the 1980s we pioneered the successful “interest free” retail finance concept, and today we are one of the leading Nordic retail finance banks, with over 5 million private customers and collaborations with over 1,200 retail partners and 35,000 stores in the Nordics. From our core business in retail finance, we have expanded our commercial offering to include savings accounts, insurance policies, consumer loans and credit cards. The latter includes our own Supreme Card, of which there are roughly 150,000 holders in the Nordic region.

Resurs Bank is owned by Parent Company Resurs Holding and is part of the Resurs Holding Group. In 2015 Resurs Bank acquired the subsidiary yA Bank.

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