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.

MORE INFORMATION:
Sofie Tarring Lindell, CFO and Head of IR, +46-73-644 33 95, sofie.tarringlindell@resurs.se
Martin Johansson, Head of Treasury, +46-73-661 21 65, martin.johansson@resurs.se

ABOUT RESURS HOLDING
Resurs Holding (Resurs), which operates through the subsidiary Resurs Bank, 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 six million private customers in the Nordics. Resurs Bank has had a banking licence since 2001 and is under the supervision of Finansinspektionen. The Resurs Group operates in Sweden, Denmark, Norway and Finland. At the end of the third quarter of 2023, the Group had 662 employees and a loan portfolio of SEK 39.8 billion. Resurs is listed on Nasdaq Stockholm.

Attachments
Resurs Holding has successfully issued Additional Tier 1 Capital notes

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