Gernandt & Danielsson advises in Forex Bank’s issue of Tier 2 bonds (Sw. supplementärkapital) in the amount of SEK 250 million. Forex has undertaken to list the bonds on Nasdaq Stockholm. The net proceeds from the bond issue will be used for general corporate purposes.

The core business of Forex Bank is to provide foreign currency transactions for private individuals throughout the Nordics. In 2003, Forex was granted a banking license and expanded its offering to include deposits, loans, payment services and debit- and credit cards.

Gernandt & Danielsson has advised Forex and its financial advisor Carnegie Investment Bank AB with a team consisting of Partners Niclas Rockborn and Mikael Borg and Associates Björn Dahlén and Maria Klaesson.