Ferratum Oyj : Ferratum concludes placement for its 4.875% bond
(Thomson Reuters ONE) -
Ferratum Oyj /
Ferratum Oyj : Ferratum concludes placement for its 4.875% bond
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The issuer is solely responsible for the content of this announcement.
- Total of EUR 25 million raised
- Bond to be included into trading on 22 June 2016
Helsinki/Berlin, 21 June 2016 - Ferratum Capital Germany GmbH completed its bond
issue, which was publicly offered for subscription to investors between 9 June
and 20 June 2016. The bond is expected to be included in the Entry Standard
trading segment of the Frankfurt Stock Exchange as of Wednesday, 22 June 2016.
Funds totalling EUR 25 million were raised with the issue in order to expand
Ferratum's growth. ICF BANK AG acted as the Sole Global Coordinator and Sole
Bookrunner.
Jorma Jokela, the founder and CEO of bond guarantor Ferratum Oyj, comments on
the transaction: "Investor interest in our bond issue was satisfactory given the
currently challenging capital market environment. We appreciate that investors
have shown strong confidence in our business model. The proceeds help us fund
our activities in markets where we cannot yet operate with a banking license,
like the APAC region and North America. In addition, we are pleased to recognize
a surprisingly strong development of the deposit business during the last
weeks."
Ferratum Oyj achieved average sales growth (CAGR) of 38.1% in the years 2013 to
2015. The average EBIT margin (based on consolidated sales) of 14.2% during this
period proved the high profitability of the company. Ferratum's sustainable
growth stands on three pillars: the geographic expansion with its existing
products, the promotion of products like SME lending or CreditLimit, which
resembles a consumer credit card, and its Mobile Bank offering. Jokela
continues: "As a Fintech pioneer with a track record of profitable growth we
also want to establish our Mobile Bank in further countries, starting in the
second half of 2016. Our product enables customers to get all the essential
services of a bank on their smartphone - with increased flexibility and speed."
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.
This announcement is distributed by GlobeNewswire on behalf of
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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#2021929]
Unternehmensinformation / Kurzprofil:
Datum: 21.06.2016 - 08:00 Uhr
Sprache: Deutsch
News-ID 478961
Anzahl Zeichen: 6385
contact information:
Town:
Helsinki
Kategorie:
Business News
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