12 March 2012
MCB Finance Group plc, the consumer finance company providing flexible credit solutions to retail customers in Finland, Estonia, Latvia and Lithuania, has raised SEK 200 million through a SEK denominated asset backed bond issue to investors in the Nordic region through its Swedish subsidiary MCB Treasury AB. This issue constitutes a first closing under a bond facility through which MCB can raise up to SEK 500 million (Euro 56 million). CorpNordic Sweden has been appointed Trustee representing the investors in the bond issue.
The bonds will rank as senior obligations of the Company and will be secured against the Company’s outstanding customer loan receivables. They will be issued at par, have a maturity of three years and carry a fixed coupon of 13% per annum, paid quarterly in arrears. The bonds will be affiliated to Euroclear and listed on the Corporate Bond List of NASDAQ OMX prior to 1 July 2012.
For further information contact Jolande Svensson-Klijn or Anna Litewka.