Northmill successfully closes its inaugural Additional Tier 1 bond
Northmill issues its first AT1 bond of SEK 275 million. The transaction was oversubscribed and strengthens the bank’s capital structure and growth plans.
Press Release
Thursday, April 23, 2026
Northmill Group AB (publ) today announces the successful closing of its inaugural Additional Tier 1 bond of 275 MSEK, with a margin of 690 basis points over three-month STIBOR. The bond is issued by the bank’s parent company Northmill Group AB and the issuance date is set for Thursday April 30, 2026. Northmill intends to apply for listing of the bond on the Nasdaq Transfer Market within 30 days from the issuance date, followed by a listing on Nasdaq Stockholm within twelve months. The bond is an important component of Northmill’s strategic expansion agenda, enabling continued strong profitable growth and optimisation of Northmill’s capital structure.
The issue, which follows Northmill’s successful inaugural Tier 2 bond issuance in November 2025, received strong interest from institutional and private investors and was oversubscribed.
“The issue of the AT1 bond is a clear testament to the strong confidence investors place in our long-term strategy, ability to execute and to challenge established structures. With strengthened capital, we are accelerating our growth journey and further advancing our position as a leading Nordic digital challenger bank”, said Julie Chatterjee, CEO of Northmill Group.
Northmill Group recently presented a financial update for Q1 2026 which showed strong preliminary financial results, including a 68% increase in EBT year-on-year. The total gross portfolio amounted to almost 6.4 BSEK, an increase of 43% since Q1 2025, and total active customers reached 276 000. The company’s complete Q1 2026 report will be published on April 29, 2026, as previously announced.
“Supporting both growing customer demand and a higher return on equity, the AT1 bond underpins continued profitable growth for the Group and represents an important step toward further optimising our capital structure and strengthening our financial flexibility over the medium-term”, said Emil Folkesson, CFO Northmill Group.
Arctic Securities AS, filial Sverige and Nordea Bank Abp acted as financial advisors in connection with the bond issuance, and Advokatfirman Vinge served as legal advisor for the transaction.
Contacts:
IR: Emil Folkesson, CFO, ir@northmill.se, +46 08 - 400 070 40
Press: Frida Almgren, PR, press@northmill.se, + 46 76 - 19 98 300
About Northmill Bank
Northmill Bank is a Nordic digital challenger bank with the vision of improving people’s financial lives. With a full Swedish banking license, the bank offers financial services for both consumers and businesses. Northmill became the EU-based bank receiving the most awards at the Banking Tech Awards 2025 and has been ranked three times as one of Europe’s fastest-growing companies by the Financial Times, most recently 2026. In Q4 2024, it became the first Swedish bank to complete a payment through the Swedish Riksbank’s new infrastructure for real-time account to account payments, RIX-INST. Northmill Group’s CEO Julie Chatterjee was one of only two executives from a Swedish bank invited to speak at the most recent annual FT Global Banking Summit in December. In October 2025, her peer-reviewed publication on AI in banking, was published in the Journal of Digital Banking. www.northmill.com/se/
