Ferratum Bank Plc 2016

Data and Facts

Issuer Ferratum Bank Plc
Issuance volume placed EUR 25 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 %
39 months
March 15, 2020
Securities Identification Number /
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

Ferratum Bank p.l.c. Annual Report and Financial Statements 2016