Ferratum to issue a 4.875% bond - subscription period starts on 9 June
Ferratum to issue a 4.875% bond - subscription period starts on 9 June
Brief overview
Helsinki/Berlin, 8 June 2016 - Ferratum Capital Germany GmbH, the German subsidiary of Ferratum Oyj, a pioneer in the area of "Financial Technology," is issuing a bond with a planned issue volume of up to EUR 50 million to finance its continued growth. The subscription period will begin on 9 June 2016 and is expected to end on 20 June 2016 (subject to early termination of the offer period). ICF BANK AG will act as the Sole Global Coordinator and Sole Bookrunner.
Interested investors can subscribe for bonds starting on 9 June through their custodian bank by quoting the ISIN DE000A2AAR27 or WKN A2AAR2 or as of 10 June via the subscription box in the investor portal
www.boerse-frankfurt.de. The securities prospectus has been approved today by the CSSF (Commission de Surveillance du Secteur Financier) and is now available for download at the Investor Relations section of the company's website
www.ferratumgroup.com. The interest rate was set at 4.875% and the bond has a term of three years.
The bond is expected to be included in the Entry Standard trading segment of the Frankfurt Stock Exchange on 22 June 2016. Ferratum Oyj's corporate credit rating has been upgraded to BBB+ (previously BBB) by Creditreform on 1 June 2016. The rating for the bond issued by Ferratum Capital Germany GmbH in 2013 was also upgraded from BBB to BBB+.
Jorma Jokela, the founder and CEO of Ferratum Oyj, describes the reasoning behind the bond issue: "We want to strengthen Ferratum's position as a leading mobile bank and focus on continued growth. The proceeds will mainly be used to fund our activities in non-European markets and those markets in Europe where we do not operate under the EU banking license of Ferratum Bank plc. As a pioneer in the Fintech sector, we want to continue our success on the capital markets with this issue."
Following the IPO in February 2015, the shares of Ferratum Oyj were included in the SDAX in June 2015. The company 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 Ferratum.
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 prospectus for the public offering in Germany and Luxembourg has been approved by the CSSF and is available online under www.ferratumgroup.com.