Ferratum unit starts tender offer for certain floating-rate bonds

Chicago, June 10 – Finland-based Ferratum Oyj subsidiary Ferratum Capital Germany GmbH is offering holders of two of its bonds who wish to subscribe to new hybrid bonds the opportunity to tender their old bonds up to a cap of €50 million, according to a press release on Thursday.

Specifically, bondholders of the Ferratum Capital’s outstanding senior floating-rate bonds maturing on May 25, 2022 (ISIN: SE0011167972) and the floating-rate bonds maturing on April 24, 2023 (ISIN: SE0012453835) may tender their notes.

The company will purchase the 2022 bonds for 101.5 and the 2023 bonds for 102.

Pareto Securities AB is the tender agent for the offer.

The issuer is a Helsinki-based provider of financial services.

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