Nordax Bank AB: Nordax Successfully Issues Senior Unsecured Bonds

Regulatory News:

Nordax Bank AB (publ) ("Nordax”)(STO:NDA) (OSE:NODA )(HEX:NDA1V) (CSE:NDA), a subsidiary of Nordax Group AB (publ), has successfully issued SEK 500,000,000 of senior unsecured bonds and thereby further strengthened its diversified funding base.

Based on strong demand from Nordic investors, Nordax has issued SEK 500,000,000 of senior unsecured bonds. Nordax has an outstanding senior unsecured bond that matures on 21 March 2016 and once that has matured Nordax’s outstanding debt instruments will include SEK 250,000,000 of Tier 2 Capital, the aforementioned SEK 500,000,000 in senior unsecured bonds as well as asset backed securities issued by subsidiaries of the Nordax Group.

"The positive outcome of the transaction is a testimony to Nordax’s strong reputation in the capital markets and we maintain a highly diversified funding profile”, said Morten Falch, CEO.

ABG Sundal Collier and Danske Bank acted as Joint Bookrunners in the transaction.

Transaction details:

Issuer: Nordax Bank AB (Publ)

Nominal amount: SEK 500 000 000

Instrument: Senior unsecured bonds

Maturity: Final maturity 16 March 2019

Interest Rate: 3 months Stibor +240 bps

About Nordax

Nordax is a leading niche bank in the Nordic region providing personal loans and deposit accounts to more than 100,000 customers in Sweden, Norway, Finland, Denmark and Germany. Nordax employs about 200 people, all work­ing in its office in Stockholm. Nordax was founded by six entrepreneurs with extensive risk management experience. The underwriting process is Nordax’s core competency; it is thorough, sound and data driven. Nordax’s customers are financially stable individuals. The typical customer is 49 years old and has an income above the national average. As of December 31, 2015 lending to the general public amounted to SEK 10.8 billion and deposits amounted to SEK 6.0 billion. Nordax has been supervised by the Swedish Financial Supervisory Authority since 2004 and deposits are covered by the Swedish deposit guarantee scheme. Read more on www.nordaxgroup.com. For more information about Nordax’s customer offerings, read more on each country’s web site: www.nordax.se, www.nordax.no, www.nordax.fi (http://www.nordax.fi) and www.nordax.de.

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