FERRATUM OYJ: Ferratum Bank p.l.c. successfully places tap issue of EUR 15 million
(Thomson Reuters ONE) -
Ferratum Oyj: Ferratum Bank p.l.c. successfully places tap issue of EUR 15
million
Helsinki, 21 June 2017 - Ferratum Oyj (ISIN: FI4000106299, WKN: A1W9NS) is
pleased to announce that, Ferratum Bank p.l.c., the Maltese banking subsidiary
of Ferratum Oyj, has successfully concluded a tap issue of EUR 15 million of
senior unsecured callable floating rate bonds due March 2020 from the existing
EUR 60 million bond issuance program of Ferratum Bank p.l.c. The net proceeds
from the tap issue are intended to be used for the general corporate purposes of
Ferratum Bank p.l.c.
The tap issue was made at a price of 102.50 per cent of the nominal amount and
has the same coupon of 3 months Euribor plus 6.25 per cent per annum, and
maturity date of 15 March 2020, as the existing EUR 25 million of senior
unsecured bonds issued by Ferratum Bank p.l.c. in December 2016 with ISIN
FI400023283. Settlement of the tap issue is expected to take place on 28 June
2017. After the tap issue, the total amount outstanding of Ferratum Bank
p.l.c.'s bond loan will amount to EUR 40 million. The tap issue bonds will be
listed with the same ISIN FI400023283 on the European Wholesale Securities
Market (EWSM) and co-listed on both the Frankfurt Stock Exchange (Open Market)
and Nasdaq Stockholm.
Pareto Securities acted as lead manager and sole bookrunner in the tap issue
that was placed among continental European and Nordic investors and added
several new investors to Ferratum Bank Plc.
About Ferratum Group:
Ferratum is an international provider of consumer and small business loans,
distributed and managed by mobile devices. Founded in 2005 and headquartered in
Helsinki, Finland, Ferratum is a pioneer in the fields of financial technology
and mobile lending and has expanded rapidly to operate in 24 countries.
Ferratum's customers utilize digital media to apply for consumer credit in
amounts varying between EUR 25 and EUR 20,000 and small businesses instalment
loans up to EUR 100,000 with a term of six to 18 months. Led by its founder,
Jorma Jokela, Ferratum has more than 1.6 million active and former customers who
have been granted one or more loans in the past (as at March 31, 2017).
Ferratum Group is listed on the Prime Standard of Frankfurt Stock Exchange under
symbol 'FRU.' For more information, visit www.ferratumgroup.com.
Contacts:
Ferratum Group European media enquiries:
Dr. Clemens Krause, CFO Edelman.ergo, A Daniel J Edelman Company
T: +49 30 88715308 Alexander Schmidt | Andreas Martin
F: +49 30 88715309 T: +49 69 27 13 89 26
E: clemens.krause(at)ferratum.com E:Alexander.Schmidt(at)edelmanergo.com
E: Andreas.Martin(at)edelmanergo.com
Ferratum Group UK media enquiries:
Paul Wasastjerna Smithfield, A Daniel J Edelman Company
Head of Investor Relations Alex Simmons | Brett Jacobs
T: +358 40 7248247 T: +44 20 3047 2543 | +44 20 3047 2537
F: +358 20 741 1614 E: asimmons(at)smithfieldgroup.com
E:paul.wasastjerna(at)ferratum.com E: bjacobs(at)smithfieldgroup.com
This announcement is distributed by Nasdaq Corporate Solutions on behalf of Nasdaq Corporate Solutions clients.
The issuer of this announcement warrants that they are solely responsible for the content, accuracy and originality of the information contained therein.
Source: FERRATUM OYJ via GlobeNewswire
Unternehmensinformation / Kurzprofil:
Datum: 21.06.2017 - 07:30 Uhr
Sprache: Deutsch
News-ID 549001
Anzahl Zeichen: 4051
contact information:
Town:
Helsinki
Kategorie:
Business News
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