Gernandt & Danielsson has advised Avarda Bank in its issue of AT1 bonds and redemption of existing AT1 bonds

Gernandt & Danielsson has advised Avarda Bank AB (publ) (“Avarda Bank”) in its issue of Additional Tier 1 bonds in a total amount of SEK 250 million and the concurrent redemption of its outstanding SEK 100 million Additional Tier 1 bonds.

Avarda Bank is a fast-growing digital credit and payment platform operating in 14 European countries. Through its proprietary IT infrastructure, Avarda Bank develops simple and flexible payment and financing solutions for millions of customers. Since its founding in 1987, Avarda Bank has consistently combined growth with profitability, and following the stock market listing in 2016, this development has continued with a strong focus on scalability and automation. Avarda Bank is listed on Nasdaq Stockholm.

Gernandt & Danielsson has advised Avarda Bank with a team consisting of partners Mikael Borg and Mikael Bolling and associate Vanessa Sidlo.