Issuance volume placed |
Initial offering EUR 25 million + tap option of 15 million. Total 40 million |
Coupon |
6.25% p.a. above 3 month EURIBOR (incl. floor at 0%) |
First issue date |
December 15, 2016 |
Stock exchange segment /
Stock exchange |
European Wholesale Securities Market
Nasdaq Stockholm
Frankfurt Stock Exchange |
Rating |
Guarantor rated with BBB+ by Creditreform. |
Ranking, collateralization |
Senior unsecured |
Guarantor |
Ferratum Oyj (duly incorporated under the laws of Finland under registration number 1950969-1) |
Method of interest payment |
Quarterly, first payment March 15, 2017 |
Covenants |
- Negative pledge of issuer and guarantor
- Maintenance covenants
- Capital cover ratio >1.30 (for Issuer)
- Net debt / Equity <3.00 (for Guarantor)
- Cross default
- Change of control with guarantor and issuer
- Dividend restriction
- 25% of previous year’s net profit for the Guarantor. Any distributions made by the Issuer shall be re-transferred to the Issuer within 12 months
|
Denomination /
Issue price |
EUR 100,000.00
100 % |
Runtime/
Maturity |
39 months
March 15, 2020 |
Securities Identification Number /
ISIN |
FI4000232830 |
Use of funds |
Refinancing of Ferratum Bank PLC bond MT0000911207 and general corporate purposes |
Lead Manager & Sole Bookrunner |
Pareto Securities |
Co-Lead Manager |
ICF Bank |
Document |
Ferratum Bank plc Financial Results Summary 2017 |