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|4finance issues 5 year EUR 100 million corporate bond|
|Friday, 20 May 2016|
4finance Holding S.A. (the “Group”), one of Europe’s largest online and mobile consumer lending groups, announces pricing of a 5 year Euro denominated corporate bond issue. The Group’s finance company, 4finance S.A., today issued EUR 100 million of bonds at par with an interest rate of 11.25%.
The issue is expected to be rated B+ by S&P and B3 (positive outlook) by Moody’s, in line with the Group’s existing USD and SEK bonds, and matures on 23 May 2021. The bonds are expected to be listed on the Frankfurt Stock Exchange ‘Open Market’ on 23 May 2016 and application will be made to list the bonds on the regulated market within 6 months.
Wallich & Matthes (Netherlands) acted as lead manager, with Dero Bank AG (Germany) as co-lead manager and Pareto Securities (Sweden) as co-manager.
Kieran Donnelly, Chairman of the Management Board, commented: “We are pleased to welcome to the Group over 60 new investors from 12 countries across Europe. These funds will support our continued growth in Europe, our geographic and product diversification, and potential acquisitions.
“This 5 year issue diversifies our funding sources as we build a sustainable business that is fast becoming a global leader in digital consumer finance.”
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