Avanza Bank AB issues a subordinated bond

Avanza Bank AB has successfully issued a subordinated Tier 2 floating rate bond of SEK 100m with a term of ten years in the Swedish bond market. The bond carries an interest of three months STIBOR plus 300 basis points and has final maturity on December 10, 2025.

Avanza Bank AB will apply for the bond to be listed on NASDAQ OMX Stockholm.

The purpose of the bond issuance is to strengthen the Group's financing.

Avanza Bank AB (publ)

For further information please contact:   

Martin Tivéus, CEO
46 70 861 80 04
martin.tiveus@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 450,000 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 five years Avanza has won SKI’s (Swedish Quality Index) award, “Year’s Most Satisfied Savings Customers”. For more information visit: avanza.com

Tags: