Northmill closes second Tier 2 bond of $15.7M in under a year
What's the deal? Swedish digital challenger bank Northmill has closed its second Tier 2 bond, raising 150 million SEK (roughly $15.7 million) at a margin of 475 basis points over three-month STIBOR. The bond is issued by parent company Northmill Group ABDealroom has a profile for this one. Try Dealroom →, with an issuance date of September 11, 2026.
Why now? The issuance follows Northmill's second-quarter 2026 results, which the company describes as strong. It comes less than a year after its inaugural Tier 2 bond in November 2025 and an Additional Tier 1 bond in April 2026.
What's the endgame? The bond strengthens Northmill's capital base and gives it more room to grow. "This provides us with additional headroom for continued growth of our scalable digital platform," said Emil Folkesson, chief financial officer at Northmill Group.
Northmill holds a full Swedish banking license and offers financial services to consumers and businesses. It has been ranked three times among Europe's fastest-growing companies by the Financial TimesDealroom has a profile for this one. Try Dealroom → , and in Q4 2024 became the first Swedish bank to complete a payment through the RiksbankDealroom has a profile for this one. Try Dealroom →'s real-time RIX-INST infrastructure.
Arctic SecuritiesDealroom has a profile for this one. Try Dealroom → acted as financial advisor on the issue, and Advokatfirman VingeDealroom has a profile for this one. Try Dealroom → served as legal advisor.
The signal: Repeat bond issuance in under a year points to steady investor appetite for European challenger banks that can show profitable growth. "Closing our second Tier 2 bond in less than a year demonstrates strong investor support for Northmill's journey," Folkesson said.
Read more: placera.se
Image credit: Håkan Dahlström
