Bluestep Bank AB (publ) has completed a covered bond tap issue of SEK 300 million

Bluestep Bank AB (publ) (“Bluestep Bank”) has completed a tap issue of SEK 300 million, related to the outstanding covered bond with maturity date October 20th, 2026 (Loan 7, tranche 4, ISIN SE0016274153).

The issue was made under Bluestep Bank’s MTCN-programme with a framework amount of SEK 15 billion. Following the tap issue, a total of SEK 2.0 billion is outstanding under loan 7 and a total of SEK 5.6 billion is outstanding under the programme.

The issued bonds were priced at 101.450% plus accrued interest, corresponding to a re-offer spread of 3m Stibor + 0.66%.

Nordea acted as lead manager in the transaction.

For more information, please contact:

Klas Lavemark, Head of Treasury
+46 70 547 5174

Or visit www.bluestepbank.com

About Bluestep Bank

Bluestep Bank is a specialized mortgage bank, a challenger in the Nordic mortgage market and a modern alternative to traditional banks. Bluestep Bank is present in Sweden, Norway and Finland and offers equity release through 60plusbanken. Since 2005, we have enabled financial empowerment of tens of thousands of people, allowing entrance to the housing market and a possibility of regaining control of everyday finances. Bluestep Bank AB (publ) is under the supervision of the Swedish Financial Supervisory Authority. For further information please visit bluestepbank.com.