Ferratum Bank places bond
(Thomson Reuters ONE) -
Ferratum Oyj /
Ferratum Bank places bond
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The issuer is solely responsible for the content of this announcement.
* Bond with a total issue volume of EUR 20 million and a 4.90% fixed interest
rate per annum
* Transfer of funding to Ferratum Bank improves financing structure
Helsinki/Berlin, July 22, 2015 - Ferratum Bank Plc, a subsidiary of Ferratum Oyj
(ISIN: FI4000106299, WKN: A1W9NS; together with its consolidated subsidiaries
hereinafter "Ferratum Group" or "Ferratum"), an international provider of mobile
consumer loans and a pioneer in the area of "Financial Technology," has
successfully placed a bond with institutional investors in Germany and other EU
countries. The bank has placed an issue volume of EUR 20 million with a
denomination of EUR 100,000 as the first tranche under a total bond issue
program of EUR 30 million. The bond is guaranteed by Ferratum Oyj. The bond is
admitted for trading on the EU-regulated European Wholesale Securities Market
("EWSM") in Malta. Furthermore, the bond has also been co-listed on the
Frankfurt Stock Exchange in the open market segment (Freiverkehr). The bond has
a coupon of 4.90% per annum and matures after 18 months. The interest payments
are due on July 21, 2016, and January 21, 2017. ICF BANK AG
Wertpapierhandelsbank acted as Bookrunner of the transaction.
The bond issue will allow Ferratum to further optimize its financing structure
and to replace expiring financings. This refinancing is part of a regular
adjustment of corporate financing and therefore will not substantially increase
the company's total debt. Jorma Jokela, the founder and CEO of Ferratum Group,
commented on the issue of the bond as follows: "With the bond issue program that
we have set up, we aim to shift financing to the level of our bank and thus
sustainably improve Ferratum's financing structure. By doing so, we also want to
lay the foundations for the planned introduction of our deposit business.
Overall, we are in an excellent position to help shape the digital revolution in
the banking sector and provide our customers with more user-friendly products
and services in the long-term, thanks to our EU banking license and our
established Big Data technology."
About Ferratum Group:
The Finnish Ferratum Group, a pioneer for mobile consumer loans in Europe,
offers short-term consumer loans for private persons. Ferratum's customers can
utilize digital media to apply for consumer credit in amounts varying between
EUR 25 and EUR 2,000. Moreover, Ferratum offers successful small businesses
installment loans with a term of six to twelve months. Managed by its founder
Jorma Jokela, Ferratum has expanded rapidly since it was founded in 2005:
Ferratum has 1.0 million active and former customers who have been granted one
or more loans in the past and 3.0 million total user accounts in its database
(as of 31 March 2015). Ferratum is represented in 22 markets and employed 383
people as of 31 December 2014.
Contact:
Ferratum Group
Dr. Clemens Krause, CFO
T: +49 30 88715308
F: +49 30 88715309
M: clemens.krause(at)ferratum.com
Ferratum Group
Paul Wasastjerna
Head of Investor Relations
T: +358 40 7248247
F: +358 20 741 1614
M: paul.wasastjerna(at)ferratum.com
cometis AG
Henryk Deter | Mariana Kuhn
T: +49 611 20 58 55-61
F: +49 611 20 58 55-66
M: kuhn(at)cometis.de
This announcement is distributed by GlobeNewswire on behalf of
GlobeNewswire clients. The owner of this announcement warrants that:
(i) the releases contained herein are protected by copyright and
other applicable laws; and
(ii) they are solely responsible for the content, accuracy and
originality of the information contained therein.
Source: Ferratum Oyj via GlobeNewswire
[HUG#1940573]
Unternehmensinformation / Kurzprofil:
Datum: 22.07.2015 - 16:49 Uhr
Sprache: Deutsch
News-ID 408529
Anzahl Zeichen: 4502
contact information:
Town:
Helsinki
Kategorie:
Business News
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