Carnegie acted as joint bookrunner in Avida Finans’ SEK 200 million junior subordinated AT1 bond issue

Avida Finans Aktiebolag (publ) has issued SEK 200 million of junior subordinated perpetual Additional Tier 1 bonds (sw. primärkapitaltillskott) with a first possible call date in June 2024. The bonds carry a floating rate coupon of 3 month Stibor + 9.50 percent per annum. The transaction received strong interest from Nordic institutional investors and 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.

About Avida Finans

Avida is a credit market company that since its inception in 1983 offers financial solutions and services for individuals and companies in Sweden, Norway and Finland. Today the company have approximately 120 employees, headquartered in Stockholm with branches in Oslo and Helsinki. Avida is under the supervision of the Swedish FSA and is authorized to conduct financial activities such as lending. Like all Swedish banks and credit market companies, Avida is covered by the government deposit guarantee scheme. Avida’s business idea is to offer businesses and consumers financial services through simple and modern solutions.

Carnegie acted as joint bookrunner in the transaction.