Gernandt & Danielsson advises TF Bank AB (publ) (“TF Bank”) in its issue of perpetual additional tier 1 bonds in a total amount of SEK 100 million. The net proceeds will be used for general corporate purposes.

TF Bank is an internet-based niche bank offering consumer banking services and e-commerce solutions through an IT platform with a high degree of automation. Deposit and lending activities are conducted in Sweden, Finland, Norway, Denmark, Estonia, Latvia, Lithuania, Poland, Germany and Austria through branches and on cross-border basis. TF Bank’s shares are listed on Nasdaq Stockholm.

Gernandt & Danielsson has advised TF Bank with a team consisting of partner Mikael Borg and associate Jakob Forsell.