Resurs Bank extend and increases its ABS financing – a sign of strength and trust
Resurs Bank extend and increases its ABS financing – a sign of strength and trust
In line with Resurs’s strategy of long-term diversified financing, Resurs Holding’s subsidiary Resurs Bank is extending and increases its existing ABS financing. The financing framework increases from SEK 2 billion to SEK 3 billion and is being carried out with J.P. Morgan.
Resurs Bank has signed an agreement to extend the existing ABS financing. It comprises a securitisation of consumer loans, which is a form of structured financing known as asset-backed securities (ABS).
The extension means that a new 18-month revolving period has now commenced and the financing framework increases.
– We are proud of our long partnership with J.P. Morgan and the extension with today’s news. Having access to diversified financing is a sign of strength and something that we at Resurs have worked actively with for a long time, says Sofie Tarring Lindell, CFO & Head of IR at Resurs.
MORE INFORMATION:
Sofie Tarring Lindell, CFO och Head of IR, +46-73-644 33 95, [email protected]
Martin Johansson, Head of Treasury, +46-73-661 21 65, [email protected]