Ferratum Oyj : Ferratum plans further bond issue to continue its growth
(Thomson Reuters ONE) -
Ferratum Oyj /
Ferratum Oyj : Ferratum plans further bond issue to continue its growth
. Processed and transmitted by NASDAQ OMX Corporate Solutions.
The issuer is solely responsible for the content of this announcement.
Quick facts
Issuer Ferratum Capital Germany GmbH
Guarantor Ferratum Oyj
Status of the Bond Senior unsecured obligations of the issuer
Offering size Up to EUR 50 million
Issue price EUR 1,000
Term 3 years
Listing Frankfurt Stock Exchange (Entry Standard)
Helsinki/Berlin, 3 June 2016 - Ferratum Capital Germany GmbH, the German
subsidiary of Ferratum Oyj, a pioneer in the field of "Financial Technology",
plans to issue a bond and apply for a listing of the bond on the Entry Standard
of the Frankfurt Stock Exchange. Ferratum intends to raise an amount of up to
EUR 50 million. The denomination of the bond is planned to be EUR 1,000 per note
and the bond is expected to have a 3-year term.
The total issue volume will be used to finance Ferratum's fast growing
activities and support the ambition to become a leading mobile bank. The
proceeds will mainly be used to finance operations in markets where Ferratum
does not operate under the credit licence of Ferratum Bank plc, this includes
all jurisdictions where Ferratum operates outside the European Economic Area and
certain European countries where the group has a long-standing history. In
addition, the proceeds may also be used for general corporate purposes.
The subscription period will be announced with the approval of the securities
prospectus, which is expected this month. The exact interest rate of the bond
will be determined and announced prior to the start of the subscription period.
ICF BANK AG acts as Sole Global Coordinator and Sole Bookrunner in the
transaction.
Creditreform Rating AG announced on 2 June 2016 that the rating of Ferratum Oyj
and the bond issued by Ferratum Capital Germany in 2013 have both been upgraded
to BBB+ (previously BBB). This upgrade was made as part of a change and
implementation in the rating methods of Creditreform.
Jorma Jokela, the founder and CEO of Ferratum Group, comments on the bond issue:
"Ferratum is growing fast. The growth is based on both new countries with
increasing market share and new lending products in existing markets. The mobile
bank which is available to the public in Sweden will be launched in additional
European countries during the second half of the year."
About Ferratum Group:
The Finnish Ferratum Group, a pioneer in mobile consumer loans in Europe offers
short-term consumer loans for private customers. Ferratum's customers can
utilize digital media to apply for consumer credit in amounts varying between
EUR 25 and EUR 3,000. 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 more than 1.3 million active and former customers who have been
granted one or more loans in the past and 3.9 million total user accounts in its
database (as of 31 March 2016). Ferratum is represented in 23 markets. The IPO
in February 2015 was followed by the introduction of the Ferratum shares to the
SDAX index in June 2015.
Contacts:
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 | Maximilian Breuer
T: +49 611 20 58 55-22
F: +49 611 20 58 55-66
M: breuer(at)cometis.de
Disclaimer
This press release does not contain or constitute an offer of, or the
solicitation of an offer to buy or subscribe for, securities to any person in
the United States, Australia, Canada or Japan or in any jurisdiction in which
such offer or solicitation is unlawful. The securities referred to herein may
not be offered or sold in the United States absent registration under the US
Securities Act of 1933, as amended (the "Securities Act"), or an exemption from,
or in a transaction not subject to, the registration requirements of the
Securities Act. The securities referred to herein may not be offered or sold in
the United States of America, Australia, Canada or Japan or to, or for the
account or benefit of, any national, resident or citizen of the United States of
America, Australia, Canada or Japan. The offer and sale of the securities
referred to herein has not been and will not be registered under the Securities
Act or under the applicable securities laws of Australia, Canada or Japan. There
will be no public offer of the securities in the United States.
This press release is directed at and/or for distribution in the United Kingdom
only to (i) persons who have professional experience in matters relating to
investments falling within article 19(5) of the Financial Services and Markets
Act 2000 (Financial Promotion) Order 2005 (the "Order") or (ii) high net worth
entities falling within article 49(2)(a) to (d) of the Order (all such persons
are referred to herein as "relevant persons"). This press release is directed
only at relevant persons. Any person who is not a relevant person should not act
or rely on this press release or any of its contents. Any investment or
investment activity to which this press release relates is available only to
relevant persons and will be engaged in only with relevant persons.
A public offer may only be made in Germany and Luxembourg after publication of a
prospectus prepared in accordance with Luxembourg securities laws and approved
by the Luxembourg authority CSSF. Any securities orders received prior to the
commencement of a public offer will be rejected. If a public offer is made in
Germany and Luxembourg, a prospectus prepared in accordance with the provisions
of Luxembourg securities laws will be published and will be available free of
charge at Ferratum's website.
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#2017719]
Unternehmensinformation / Kurzprofil:
Datum: 03.06.2016 - 07:30 Uhr
Sprache: Deutsch
News-ID 475511
Anzahl Zeichen: 7474
contact information:
Town:
Helsinki
Kategorie:
Business News
Diese Pressemitteilung wurde bisher 398 mal aufgerufen.
Die Pressemitteilung mit dem Titel:
"Ferratum Oyj : Ferratum plans further bond issue to continue its growth"
steht unter der journalistisch-redaktionellen Verantwortung von
Ferratum Oyj (Nachricht senden)
Beachten Sie bitte die weiteren Informationen zum Haftungsauschluß (gemäß TMG - TeleMedianGesetz) und dem Datenschutz (gemäß der DSGVO).
