12:03 AM EDT, 10/21/2026 (MT Newswires) -- Avarda Bank (AVARDA.ST) issued additional tier 1 capital bonds with a principal amount of 250 million kronor, according to a Tuesday release. With a first call date on Oct. 29, 2031, the bonds are subject to an annual floating interest rate equivalent to the three-month Stockholm interbank offered rate plus 450 basis points. Settlement of the bonds is scheduled for Oct. 29, with net proceeds earmarked for the Swedish digital lender's general corporate expenditures, including the refinancing on Dec. 1 of 100 million kronor of outstanding additional tier 1 bonds.

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