Published on 5/19/2016 in the Prospect News Emerging Markets Daily.
New Issue: Latvia’s 4finance prices €100 million 11¼% notes due 2021 at par
By Christine Van Dusen
Atlanta, May 19 – 4finance Holding SA priced €100 million five-year notes (B3/B+) at par to yield 11¼% on Thursday, according to a company announcement.
Wallich & Matthes was the lead manager. Dero Bank AG was the co-lead manager.
The provider of short-term loans is based in Riga, Latvia.
| Issuer: | 4finance Holding SA
|
| Amount: | €100 million
|
| Maturity: | May 23, 2021
|
| Description: | Notes
|
| Lead manager: | Wallich & Matthes
|
| Co-lead manager: | Dero Bank AG
|
| Co-manager: | Pareto Securities
|
| Coupon: | 11¼%
|
| Price: | Par
|
| Yield: | 11¼%
|
| Trade date: | May 19
|
| Settlement date: | May 23
|
| Expected ratings: | Moody's: B3
|
| S&P: B+
|
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