Swedish neobank Northmill has repurchased bonds with a nominal value of SEK5.5m (£4.77m). The repurchase concerns the challenger bank’s senior unsecured bonds with a nominal outstanding amount of SEK500m (£41.48m).
Hot on the heels of launching its fee-free savings accounts in January, Swedish digital bank Northmill has announced that it has taken another step to boost its relationship with its customers further.
Northmill is taking strides towards becoming a Nordic digital bank. Having been given a banking licence by the Swedish financial Supervisory Authority in September, the startup up has now unveiled a new savings account.