Gernandt & Danielsson has advised TF Bank AB (publ) (“TF Bank”) in its issue of tier 2 capital bonds in a total amount of SEK 150 million. The net proceeds will be applied towards general corporate purposes.

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, Austria and Spain through branch or cross-border banking. TF Bank’s shares are listed on Nasdaq Stockholm.

Gernandt & Danielsson has advised TF Bank with a team consisting of partners Mikael Borg and Mikael Bolling, counsel Björn Hård af Segerstad (regulatory) and senior associate Simon Wetterholm.