In line with Resurs’s strategy of long-term diversified financing, Resurs Holding’s subsidiary Resurs Bank has issued senior unsecured bonds of SEK 400 million.
Resurs Bank AB, a wholly owned subsidiary of Resurs Holding AB (Nasdaq Stockholm: RESURS), has issued senior unsecured bonds of SEK 400 million in the Nordic market. The bonds have a three-year-tenor (maturity in November 2023) and will be listed on Nasdaq Stockholm.
The bonds were issued under Resurs Bank’s MTN programme, with a total framework of SEK 9 billion, and will carry variable interest of 3 months STIBOR + 1.50%.
“It’s exciting to see good interest in Resurs Bank as an issuer. We’re an established issuer in the market and our intention is to continue to have long-term diversified financing,” says Jonas Olin, CFO, Resurs.
Nordea and SEB acted as financial consultants in connection with the bond issue.
Resurs Holding (Resurs), which operates through the subsidiaries Resurs Bank and Solid Försäkring, is the leader in retail finance in the Nordic region, offering payment solutions, consumer loans and niche insurance products. Since its start in 1977, Resurs Bank has established itself as a leading partner for sales-driven payment and loyalty solutions in retail and e-commerce, and Resurs has thus built a customer base of approximately 6 million private customers in the Nordics. Resurs Bank has had a banking licence since 2001 and is under the supervision of the Swedish Financial Supervisory Authority. The Resurs Group operates in Sweden, Denmark, Norway and Finland. At the end of the third quarter of 2020, the Group had 723 employees and a loan portfolio of SEK 31.2 billion. Resurs is listed on Nasdaq Stockholm.