Lendify Sweden 1 AB (publ) publishes information on its loan portfolio and announces repurchase of bonds
Lendify Sweden 1 AB (publ) publishes the below information on its existing loan portfolio, describing more in detail the structure of the portfolios acquired.
Lendify Sweden 1 AB (publ) has acquired the maximum amount of three loan portfolios from its parent company Lendify AB. Indications regarding credit losses for the portfolios acquired by Lendify Sweden 1 AB (publ) are positive and show a reserve rate of 1.4% (annualized) compared with the pre-set target of around 1.5% in net credit losses.
|Acquired loan portfolios (number 1, 2 and 3). Data as of 20180107|
|Total outstanding amount (SEK)||269,265,136|
|Weighted average interest rate||9.11%|
|Weighted average term (months)||91|
|Weighted Average UC score*||2.54%|
|Risk class||Percentage of outstanding nominal amounts||Weighted UC score*|
*The UC score represents the propensity, at time of loan origination, for a debtor to get a payment remark (Sw. betalningsanmärkning) within 12 months.
As part of its management of excess liquidity Lendify Sweden 1 AB (publ) also announces that it has completed a partial repurchase of outstanding bonds for a nominal value of SEK 25 million (ISIN SE0009973514). The repurchased bonds correspond to 8.3 percent of total issued volume of SEK 300 million.
For further information, please contact:
Erika Eliasson, Chief Investor Relations Officer tel. no. +46(0)70 999 10 70
This information is information that Lendify Sweden 1 AB (publ) is obliged to make public pursuant to the EU Market Abuse Regulation and the Swedish Securities Markets Act (2007:528). The information was submitted for publication, through the agency of the contact person set out above, at 07:30 CET on 9 January 2018.