Avida Finans successfully issues SEK 250 million of subordinated Tier 2 bonds

Avida Finans Aktiebolag (publ) has issued its inaugural debt capital market transaction of SEK 250 million of subordinated Tier 2 bonds (sw. supplementärkapital) due 2028 with a first possible call date in November 2023. 

The bonds carry a floating rate coupon of 3 month Stibor + 6.50 percent per annum. The bonds received strong interest from Nordic institutional investors and the transaction will further strengthen the capital position of the company and enable continued strong profitable growth.

The Issuer intends to apply for listing of the bonds on Nasdaq Stockholm.

Carnegie Investment Bank and DNB Markets acted as joint bookrunners in the transaction and Roschier Advokatbyrå acted as legal advisor.

For further information please contact: Tord Topsholm, CEO at Avida, Telephone: +46 72-402 44 35. E-mail: tord.topsholm@avida.se

About Avida

Avida offer businesses and consumers financial services through smart and simple solutions. Avida aim to create a high level of customer satisfaction by using innovative thinking, cutting edge technical know-how and attracting dedicated, skilled and experienced employees. By years end 2017 Avida had a loan book of approximately 2,9 billion SEK.  ​