Unveiling the Details of Multitude Capital Oyj's Bond Offering
Multitude Capital Oyj, known for its innovation in the financial technology sector, has made a significant move by issuing senior guaranteed unsecured bonds. On June 27, 2024, the company launched an offering amounting to EUR 80,000,000 under a framework that could reach up to EUR 150,000,000. Following this, an additional bond issuance of EUR 20,000,000 occurred on December 18, 2024, reflecting their commitment to expand and finance their operational capabilities.
Understanding the Bond Specifications
The bonds come with competitive floating interest rates set at EURIBOR 3m plus 6.75 percent per annum, and they have a maturity period that extends to June 2028. This interest structure positions the bonds attractively for investors, particularly in the current financial climate. Furthermore, it’s worth noting that Multitude Capital Oyj is entirely owned by Multitude p.l.c., and this parent company acts as a guarantor, providing additional security to potential bondholders.
Approval and Listing Process
Recently, the Finnish Financial Supervisory Authority (FIN-FSA) granted approval for the bond listing prospectus. This pivotal step was formally recognized on December 19, 2024, allowing Multitude Capital Oyj to ensure that all documents adhere to regulatory standards.
Availability of the Prospectus
For those interested in reviewing the prospectus, it has been made accessible in English, alongside a Swedish translation. These documents can be found directly on Multitude's official online portal, underscoring their transparency and commitment to investor relations.
Application for Listing on Nasdaq Stockholm
In a strategic move to enhance its presence in the financial markets, Multitude Capital Oyj has submitted an application to list these bonds on the corporate bond list at Nasdaq Stockholm. Trading is anticipated to commence around late December 2024, which will mark a significant milestone for the issuer.
Company's Background and Scope
Multitude p.l.c., the parent of Multitude Capital Oyj, operates within the thriving fintech landscape, providing essential services like digital lending and online banking. Their offerings cater to a diverse clientele, including consumers and small to medium enterprises that often face exclusion from traditional banking systems. The company manages its operations through several independent units: Consumer Banking via Ferratum, SME Banking through CapitalBox, and Wholesale Banking via Multitude Bank.
Contact Information for Inquiries
For further details about their bond offerings or business initiatives, interested parties can reach out to:
Bernd Egger, CFO of Multitude p.l.c.
+49 173 793 1235, bernd.egger@multitude.com
Lasse Mäkelä, Chief Strategy and IR Officer of Multitude p.l.c.
+41 79 371 34 17, lasse.makela@multitude.com
Frequently Asked Questions
What is the amount of bonds Multitude Capital Oyj has issued?
Multitude Capital Oyj has issued a total of EUR 100,000,000 in bonds, with EUR 80,000,000 issued initially and additional EUR 20,000,000 later.
How are the interest rates structured for the bonds?
The bonds have a floating interest rate of EURIBOR 3m plus 6.75 percent per annum.
What is the purpose of these bonds?
The purpose of issuing these bonds is to enhance Multitude Capital Oyj’s capital structure and facilitate growth in their business operations.
When is the expected trading date on Nasdaq Stockholm?
The bonds are anticipated to be admitted for trading around late December 2024.
Who can be contacted for more information regarding the bonds?
For queries, Bernd Egger, CFO, and Lasse Mäkelä, Chief Strategy and IR Officer, are the primary contacts.
