FERRATUM OYJ Multitude Bank intends issuance of up to €25,000,000 subordinated floating rate bonds
Transparency directive : regulatory news
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Helsinki, 02 November 2023 – Multitude Bank, rated B+ (stable) by Fitch Ratings and a subsidiary of Multitude SE (“Multitude” or the “Group”) is assessing the possibility of issuing up to €25,000,000 subordinated floating rate bonds, the net proceeds of which shall be used for general corporate purposes (the “Bonds”). If issued, the Bonds are expected to have a 10-year maturity date with a call option exercisable five years after the issue date. The Bonds are further expected to be structured to fulfil the requirements of Tier 2 capital under applicable law. The Bank intends to issue the Bonds in dematerialised form and, on a best-efforts basis, to admit the Bonds to trading on certain exchange(s). The Bank has mandated Arctic Securities AS and Pareto Securities AB to arrange a series of fixed income investor meetings commencing on the 1st of November 2023. For further information, please contact: Bernd Egger, CFO of Multitude SE Lasse Mäkelä, Chief Strategy and IR Officer of Multitude SE
About Multitude SE: Multitude is a fully regulated growth platform for financial technology. Its ambition is to become the most valued financial ecosystem. This vision is backed by 17+ years of solid track record in building and scaling financial technology. Through its full European banking license, profound know-how in technology, regulation, cross-selling, and funding, Multitude enables a range of sustainable banking and financial services to grow and scale. Currently, it has three independent business units on this growth platform: Ferratum as consumer lender, CapitalBox as business lender, and SweepBank as a shopping and financial app. Multitude and its independent units employ over 700 people in 18 countries, and they together generated EUR 212 million turnover in 2022. Multitude was founded in 2005 in Finland and is listed in the Prime Standard segment of the Frankfurt Stock Exchange under the symbol ‘FRU.’ www.multitude.com End of Media Release Issuer: Multitude SE Key word(s): Finance
02.11.2023 CET/CEST Dissemination of a Press Release, transmitted by EQS News - a service of EQS Group AG. |
| Language: | English |
| Company: | Multitude SE |
| Ratamestarinkatu 11 A | |
| 00520 Helsinki | |
| Finland | |
| E-mail: | ir@multitude.com |
| Internet: | https://www.multitude.com/ |
| ISIN: | FI4000106299 |
| WKN: | A1W9NS |
| Listed: | Regulated Market in Frankfurt (Prime Standard); Regulated Unofficial Market in Berlin, Dusseldorf, Hamburg, Hanover, Munich, Stuttgart, Tradegate Exchange; Stockholm |
| EQS News ID: | 1762883 |
| End of News | EQS Media |
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1762883 02.11.2023 CET/CEST