NatWest makes krona debut as Avida raises AT1

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By Frank Jackman
21 Jun 2019

Three Nordic banks and one British bank placed paper in Swedish krona this week. NatWest Markets made its debut in the currency, while Scandinavian-based Avida Finans printed its first AT1. Avida Finans plans to follow this debut AT1 with a future stock exchange listing.

“We are looking to raise another Skr300m (€28.2m) equity until we are fully self-financed,” said Tord Topsholm, CEO of Avida Finans. “We are also planning to go to the stock exchange next year and list on the Nasdaq Stockholm. By then we will be fully funded, and will ...

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