Ferratum Bank plc, a Malta-based bank that provides consumer loans through a mobile phone platform, has listed a €20 million debt security on the European Wholesale Securities Market (EWSM).
The notes, due January 21, 2017, and with a coupon rate of 4.9 per cent, are issued under Ferratum’s €30 million bond issuance programme and are guaranteed by the bank’s parent, Ferratum Oyj, a Finland-based provider of unsecured mobile consumer loans made available via mobile phone and the internet.
Ferratum Oyj operates in 23 European and Asian Pacific countries and is listed on the regulated market of the Frankfurt Stock Exchange.
PwC Malta acted as auditor and advisor on the deal and ISE Listing Services (ISELS) acted as listing agent.