Avida Finans AB (publ) completes SEK 2.8 billion securitisation, creating conditions for continued growth.
Avida has finalised a Significant Risk Transfer (SRT) through a synthetic securitisation of a SEK 2.8 billion consumer loan portfolio. The transaction delivers substantial capital relief, strengthens the Company’s balance sheet, and supports continued growth.
Under the agreement, investors assume a pre-determined share of potential credit losses in the portfolio, providing robust loss protection and increased financial flexibility.
“This is an important step for Avida and a strategy we believe will give us long-term strength in the market,” said Lennart Erlandson, CFO at Avida. “We view this transaction as a move in the right direction to reinforce our position for the future. By reducing our capital requirements while keeping our focus on our customer base, we are building a solid platform being able to support our customers going forward.”
Through the SRT structure, investors assume responsibility for a pre-defined portion of any potential credit losses within the reference portfolio. The scale of this credit loss protection is sufficient to cover unforeseen losses, enhancing the Company’s capital structure and providing greater flexibility to continue offering competitive financing solutions to its customers.
Avida was advised on the transaction by Revel Partners and White & Case.
Settlement and closing of the transaction are estimated on the 11th of September 2025 and is structured in accordance with applicable regulations including the STS-securitisation criteria.