Ferratum Oyj : Ferratum plans further bond issue to continue its growth

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: [email protected]

Ferratum Group   
Paul Wasastjerna
Head of Investor Relations
T: +358 40 7248247
F: +358 20 741 1614
M: [email protected]

cometis AG
Henryk Deter | Maximilian Breuer
T: +49 611 20 58 55-22
F: +49 611 20 58 55-66
M: [email protected]

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.


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