Ferratum Bank plc - Details of New Bond Issue

On 7 March 2022, Ferratum Bank plc published a Base Prospectus in relation to an unsecured subordinated bond issuance programme of a maximum of €40 million. Moreover, the Bank published the Final Terms of the first Tranche being issued under the said bond issuance programme, the salient details of which are as listed hereunder. Ferratum Bank is licensed by the MFSA to carry on the activities of a credit institution and is also licensed to provide certain payment and other services as well as deal on own account. The principal activities of the Bank consist of the provision of consumer loans and deposit-taking services through digital platforms across Europe.

Amount Offered:

€20 million

Coupon:

6.0%

Issue Price:

€1,000

Interest Payment Date:

Annually on 13 April (first interest payment date is 13 April 2023)

Maturity Date:

13 April 2032

Status:

The bonds are unsecured and subordinated to the claims of all holders of senior indebtedness. The bonds constitute the subordinated and unsecured obligations of the Issuer and will at all times rank pari passu, without any priority or preference among themselves and with other subordinated debt. Thus, the bonds rank after other outstanding, unsubordinated and unsecured obligations of the Issuer, present and future. In the event of a resolution of the Issuer or in any other instances under applicable law, the bonds are subject to conversion or write down by the applicable resolution authorities as provided by law.

Use of Proceeds:

The proceeds from the bonds are aimed at further strengthening the Bank’s Tier 2 capital requirements.

Offer Period:

10 March 2022 to 30 March 2022 at noon (12:00 hrs)

Minimum Subscription Amount:

€1,000 and in multiples of €1,000 thereafter.  However, in the case of a retail investor whose financial instrument portfolio does not exceed €0.5 million, the initial investment amount should at least be €10,000. Interested applicants are kindly requested to contact us for further information on the detailed application procedure.

Listing:

Official List of the Malta Stock Exchange

Disclaimer:

The value of investments may increase as well as decrease and past performance is not an indication of future performance. Prospective investors are urged to read the Base Prospectus and the Final Terms issued by Ferratum Bank plc dated 3 March 2022 including the ‘Risk Factors’ found in Section 2 of the Base Prospectus, as well as Section 2.3 and Section 3 of the Final Terms. Prospective investors are urged to consult an independent financial adviser for advice prior to investing in the bonds.

Downloads:

Ferratum Bank plc – Base Prospectus dated 3 March 2022

Ferratum Bank plc – Final Terms dated 3 March 2022

 

Disclaimer:

This webpage has been prepared based on the Base Prospectus dated 3 March 2022 and the Final Terms dated 3 March 2022 issued by Ferratum Bank plc, and no representations or guarantees are made by Rizzo, Farrugia & Co. (Stockbrokers) Ltd with respect to the accuracy of the data. This webpage is for information purposes only. It is NOT intended to be and should NOT be construed as an offer or solicitation to acquire or dispose of any of the securities or issues mentioned herein. Rizzo, Farrugia & Co. (Stockbrokers) Ltd accepts NO responsibility or liability whatsoever for any expense, loss or damages arising out of, or in any way connected with, the use of all or any part of this webpage.

Investors wishing to acquire the Bond should read the Base Prospectus and the Final Terms before making any investment decision in order to fully understand the potential risks and rewards associated with an investment in the Bonds. A copy of the Base Prospectus and the Final Terms are available on Rizzo, Farrugia & Co. (Stockbrokers) Limited’s website. The Bonds are COMPLEX financial instruments and investment in the Bonds may not be suitable for all investors. Prospective investors are urged to consult their financial advisers as to the suitability or otherwise of acquiring such Bonds. The value of the investment and the income therefrom may go down as well as up and investors may lose some or all of the money invested.

This advertisement has been issued by Rizzo, Farrugia & Co. (Stockbrokers) Limited, a company licensed to undertake investment services in Malta by the MFSA under the Investment Services Act, Cap. 370 of the Laws of Malta, and having its registered address at Airways House, Fourth Floor, High Street, Sliema SLM 1551, Malta

Rizzo, Farrugia & Co. (Stockbrokers) Ltd is acting as Co-Sponsor and Co-Manager to Ferratum Bank plc.