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 distribution:
Risk class Percentage of outstanding nominal amounts Weighted UC score*
A 10.48% 0.16%
B 13.61% 0.45%
C 20.24% 0.90%
D 24.40% 1.86%
E 20.83% 4.16%
F 10.43% 9.22%
Grand Total 100.00% 2.54%

*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.

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Lendify Sweden 1 AB (publ) har givit ut en obligation som handlas på NGM NDX.


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