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    FRU   FI4000106299

FERRATUM OYJ

(FRU)
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PRESS RELEASE : Ferratum Oyj: Ferratum Oyj considers issuance of subordinated perpetual capital notes and announces tender offer regarding outstanding senior unsecured floating rate bonds

06/10/2021 | 02:16am EDT
DGAP-News: Ferratum Oyj / Key word(s): Bond 
Ferratum Oyj: Ferratum Oyj considers issuance of subordinated perpetual capital notes and announces tender offer 
regarding outstanding senior unsecured floating rate bonds 
2021-06-10 / 08:15 
The issuer is solely responsible for the content of this announcement. 
=---------------------------------------------------------------------------------------------------------------------- 
Ferratum Oyj considers issuance of subordinated perpetual capital notes and announces tender offer regarding 
outstanding senior unsecured floating rate bonds 
Helsinki, 10 June 2021 - Ferratum Oyj (ISIN: FI4000106299, WKN: A1W9NS) (the "Issuer") announces that Pareto Securities 
AB has been mandated to arrange a series of fixed income investor meetings commencing on Thursday, 11 June 2021 to 
investigate the possibility of issuing new EUR denominated subordinated perpetual capital notes (the "Hybrid Bonds") in 
an amount of up to EUR 50,000,000. Subject to inter alia market conditions, a transaction may follow. Proceeds from the 
contemplated Hybrid Bonds will be used for general corporate purposes and, subject to the Tender Offer (below), 
repurchase of existing bonds. 
The Issuer announced on 29 October 2020 that as part of investigating the possibilities to convert Ferratum into a 
European Company, Societas Europaea (SE), the investigation will also cover an analysis on possibilities to 
subsequently relocate the Issuer's headquarters to another EEA jurisdiction in accordance with the Finnish Act on 
European Company (742/2004) and the Council Regulation N:o 2157/2001 on the Statute for a European company (SE). The 
Terms and Conditions of the Hybrid Bonds now to be issued include provisions that entitle the Issuer to relocate the 
headquarters from Finland to Germany without consent from the bondholders ('Permitted Relocation Event'). No decisions 
upon initiation of any relocation process have been made, however. 
Fitch Ratings has affirmed Ferratum Oyj's Long-Term Issuer Default Rating (IDR) at 'B+' with a Negative Outlook and the 
long-term rating of the senior unsecured notes issued by Ferratum Capital Germany GmbH at 'B+'/RR4 on 10 June 2021. The 
contemplated Hybrid Bonds are expected to receive a 'B- (EXP)'/RR6 credit rating. 
In connection with the issue of the Hybrid Bonds, the Issuer's subsidiary Ferratum Capital Germany GmbH ("Ferratum 
Capital") is offering holders of Ferratum Capital's outstanding senior unsecured floating rate bonds maturing on 25 May 
2022 with ISIN SE0011167972 (the "2022 Bonds") and on 24 April 2023 with ISIN SE0012453835 (the "2023 Bonds"), who are 
subscribing for Hybrid Bonds to tender any of their 2022 Bonds or 2023 Bonds, subject to a total transaction cap of EUR 
50,000,000, which may be increased or decreased at the option of Ferratum Capital (the "Tender Offer"). The purchase 
price in the Tender Offer will be 101.50% of the nominal amount for the 2022 Bonds and 102.00% of the nominal amount 
for the 2023 Bonds. The full terms and conditions of the Tender Offer can be found in the tender information document 
which will be made available on the Issuer's website. 
The Issuer has mandated Pareto Securities AB as sole arranger and bookrunner in respect of the issuance of the Hybrid 
Bonds and as tender agent for the Tender Offer. 
 
About Ferratum Group: 
Ferratum Group is an international provider of mobile banking and digital consumer and small business loans, 
distributed and managed by mobile devices. Founded in 2005 and headquartered in Helsinki, Finland, Ferratum has 
expanded to operate in 19 countries across Europe, South and North America, Australia and Asia. 
As a pioneer in digital and mobile financial services technology, Ferratum is at the forefront of the digital banking 
revolution. Ferratum has approximately 480,000 active customers that have an open Mobile Bank or Wallet account or an 
active loan balance in the last 12 months (as at 31 March 2021). 
Ferratum Group is listed on the Prime Standard of Frankfurt Stock Exchange under symbol 'FRU.' For more information, 
visit www.ferratumgroup.com. 
=---------------------------------------------------------------------------------------------------------------------- 
2021-06-10 Dissemination of a Corporate News, transmitted by DGAP - a service of EQS Group AG. 
The issuer is solely responsible for the content of this announcement. 
The DGAP Distribution Services include Regulatory Announcements, Financial/Corporate News and Press Releases. 
Archive at www.dgap.de 
=---------------------------------------------------------------------------------------------------------------------- 
Language:     English 
Company:      Ferratum Oyj 
              Ratamestarinkatu 11 A 
              00520 Helsinki 
              Finland 
Phone:        +49 (0) 30 9210058-44 
Fax:          +49 (0)30 9210058-49 
E-mail:       ir@ferratum.com 
Internet:     https://www.ferratumgroup.com 
ISIN:         FI4000106299 
WKN:          A1W9NS 
Listed:       Regulated Market in Frankfurt (Prime Standard); Regulated Unofficial Market in Berlin, Dusseldorf, 
              Hamburg, Hanover, Munich, Stuttgart, Tradegate Exchange 
EQS News ID:  1206323 
 
End of News   DGAP News Service 
=------------ 

1206323 2021-06-10

 
Image link: 
https://eqs-cockpit.com/cgi-bin/fncls.ssp?fn=show_t_gif&application_id=1206323&application_name=news 
 

(END) Dow Jones Newswires

June 10, 2021 02:15 ET (06:15 GMT)

Stocks mentioned in the article
ChangeLast1st jan.
DJ INDUSTRIAL -0.05% 33929.81 Delayed Quote.10.91%
FERRATUM OYJ 1.85% 5.5 Delayed Quote.6.72%
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Financials
Sales 2021 273 M 326 M 326 M
Net income 2021 6,52 M 7,79 M 7,79 M
Net Debt 2021 295 M 352 M 352 M
P/E ratio 2021 17,9x
Yield 2021 1,31%
Capitalization 117 M 139 M 139 M
EV / Sales 2021 1,51x
EV / Sales 2022 1,61x
Nbr of Employees 683
Free-Float 41,1%
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Mean consensus OUTPERFORM
Number of Analysts 2
Last Close Price 5,40 €
Average target price 7,00 €
Spread / Average Target 29,6%
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Managers and Directors
NameTitle
Jorma Olavi Jokela Vice Chairman & Chief Executive Officer
Bernd Egger Chief Financial Officer
Frederik Strange Chairman
Ari Tiukkanen Chief Operations & Technology Officer
Lea Liigus Executive Director, Head-Legal & Compliance
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