Avida investigates the possibility to issue additional tier 1 bonds

Avida Finans AB (publ) (the "Company") has mandated Arctic Securities AS, filial Sverige, and DNB Markets, as part of DNB Bank ASA, Sweden Branch, as joint bookrunners to arrange a series of fixed income investor meetings commencing on 10 June 2024. Subject to, inter alia, market conditions a new additional tier 1 floating rate bond issue of a total aggregate amount of up to SEK 200 million may follow.

The proceeds from the potential bond issue will be used towards redemption of the Company's existing additional tier 1 bond with ISIN SE0012729085 (the "Existing AT1"). In connection with the potential new bond issue, the Company will redeem in full the Existing AT1 subject to the successful issuance of the new additional tier 1 bond.

For further information please contact: 
Tine Wollebekk, CEO, Telephone: +46 72 402 44 79, E-mailt: tine.wollebekk@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.