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Beskrivning
| Land | Sverige |
|---|---|
| Sektor | Finans |
| Industri | Nischbank |
The transaction, marketed under the name Scandinavian Consumer Loans VI, was met great interest from international investors. The collateral consists of a portfolio of Norwegian personal loans issued by Nordax Bank AB (publ).
The issue is Nordax's sixth securitisation transaction. Nordax's funding mix comprises securitisations, senior unsecured bonds, warehouse funding facilities provided by international banks, and deposits in Sweden, Norway, Finland and Germany.
Deutsche Bank has served as arranger and lead manager in connection with the issue.
Information on the transaction:
Issuer: Nordax Nordic 4 AB (publ)
Rating: Fitch and DBRS
Maturity date: December 2040
First call date: October 2020
For more information, please contact:
Samira Rosén, Head of Treasury
Tel: +46 705 784 702
E-mail: samira.rosen@nordax.se
Andreas Frid, Head of Investor Relations
Tel: +46 705 290 800
E-mail: andreas.frid@nordax.se
About Nordax
Nordax has a vision to become the leading niche bank in Northern Europe. Today we offer service to more than 150,000 customers in Sweden, Norway, Finland and Germany. We are a complement to the major banks and concentrate on a few products in which we are experts. We specialize in helping people make informed decisions for a life they can afford. Nordax employs about 200 people, all working in its office in Stockholm. 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 June 30, 2017 lending to the general public amounted to SEK 13.1 billion and deposits amounted to SEK 8.4 billion. Read more on www.nordaxgroup.com (http://file:///\ ordax\company\folderredirect\friddan\Desktop\www.nordaxgroup.com). For more information about Nordax's customer offerings, read more on each country's web site: www.nordax.se (http://file:///C:\Users\friddan\AppData\Local\Microsoft\Windows\Temporary%20Internet%20Files\Content.Outlook\VUXUOPIN\www.nordax.se), www.nordax.no (http://file:///C:\Users\friddan\AppData\Local\Microsoft\Windows\Temporary%20Internet%20Files\Content.Outlook\VUXUOPIN\www.nordax.no), www.nordax.fi (http://file:///C:\Users\friddan\AppData\Local\Microsoft\Windows\Temporary%20Internet%20Files\Content.Outlook\VUXUOPIN\www.nordax.fi) and www.nordax.de (http://file:///C:\Users\friddan\AppData\Local\Microsoft\Windows\Temporary%20Internet%20Files\Content.Outlook\VUXUOPIN\www.nordax.de).