Avanza Bank AB (publ) publishes prospectus and applies for listing of a subordinated bond on Nasdaq Stockholm
On December 3, 2015 Avanza Bank AB (publ) (”Avanza”) announced the issuance of a subordinated bond with a duration of ten years, final maturity on December 10, 2025. The subordinated bond amounts to SEK 100 million and has a variable interest rate of 3M STIBOR + 300 basis points.
Due to the issuance, Avanza’s board of directors has prepared a prospectus regarding listing of the subordinated bond at the Corporate Bond list on Nasdaq Stockholm. The prospectus was approved by the Swedish Financial Supervisory Authority today. An application for listing of the bond will be submitted. First day of trading is expected to be around February 3, 2016.
The prospectus is available in electronic form on https://www.avanza.se/ir and on www.fi.se, and will, upon request, be sent in paper form from Avanza.
“This information is such that Avanza Bank AB (publ) is obliged to disclose under the Securities Market Act and/or the Financial Instruments Trading Act. The information was made available for publication on 27 January 2016 at 12:00 CET."
For further information please contact:
Sofia Svavar, Head of Investor Relations
+46 8 409 420 17
sofia.svavar@avanza.se
Avanza is an Internet bank founded in 1999. The Parent Company, Avanza Bank Holding AB (publ), is listed on the Stockholm Stock Exchange. Avanza’s mission is that as a customer you will have more money in your pocket than if you banked with other banks or institutions. The services include, amongst other things, saving in shares, funds, savings accounts and a strong pension offering. Avanza has more than 460,000 customers and more than SEK 190 billion in savings capital. This is equivalent to 2.7 percent of the Swedish savings market. Avanza is the largest in terms of the number of transactions of Swedish banks on the Stockholm Stock Exchange. During the last six years Avanza has won SKI’s (Swedish Quality Index) award, “Year’s Most Satisfied Savings Customers”. For more information visit: http://www.avanza.com.
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