Avida has successfully completed its bookbuilding for a SEK 200 million additional tier 1 instruments

Avida Finans AB (publ) ("Avida" or the "Company") has successfully completed the bookbuilding for the Company's SEK 200 million additional tier 1 issue (the "New AT1 Instrument").

Subject to a successful issuance and settlement of the New AT1 Instrument, the proceeds will be used to finance the early redemption of Avida's existing additional tier 1 instrument with ISIN SE0012729085 (the "Existing AT1 Instrument"). The redemption is expected to occur on or about 18 July 2024. If issuance and settlement of the New AT1 Instrument occurs, the Company will inform the market by way of a press release that the financing conditions for the early redemption of the Existing AT1 Instrument have been satisfied and will then also confirm the early redemption date for the New AT1 Instrument

For further information, please contact:
Tine Wollebekk, CEO, +46 72 402 44 79, tine.wollebekk@avida.se
Lennart Erlandson, CFO, +46 72 402 44 82, lennart.erlandson@avida.se

About Avida
Avida is a credit market company that since the start in 1983 has focused on offering loans to individuals and corporates. We are currently about 150 employees, with headquarters in Stockholm and offices in Oslo and Helsinki. At Avida we are not like everybody else in this business, we will always go that extra mile to help our customers turn their plans into reality and we promise that we always give our customer the proper attention and the chance to get the financing they need.

Avida is under the supervision of the Swedish Financial Supervisory Authority and like all Swedish banks and credit market companies, we are covered by the state deposit insurance.