Resurs Holding AB (Resurs), owner of Resurs Bank AB with credit rating BBB (NCR), has issued SEK 300 million Additional Tier 1 Capital notes.
Resurs stable and profitable operations was demonstrated in the market's confidence. The issue attracted good demand and was oversubscribed.
– We are pleased to have completed today's issue with a positive response from a wide range of investors. It is proof of our robust business model, stable profitable operation and conservative approach to risk. The issue enables continued profitable growth and optimizes our long-term capital structure, says Sofie Tarring Lindell, CFO and Head of IR at Resurs.
The capital instrument has a perpetual maturity, with the first call option after five years. The notes pay a floating rate coupon of 3 months STIBOR + 8,25 % and Resurs intends to apply for admission to trading of the notes at Nasdaq Stockholm.
Resurs Holding will make an unconditional shareholder’s contribution of SEK 200 million to Resurs Bank.
Nordea and Swedbank acted as financial advisers in relation to the issuance of the Additional Tier 1 Capital notes and Mannheimer Swartling acted as legal counsel.