21 June 2012
MCB Finance Group Plc (AIM: MCRB.L) announces that it has raised a further SEK 60 million (Euro 6.8 million) of bond funding from Nordic investors. Together with the first closing of SEK 200 million in March 2012, MCB Finance has now raised a total of SEK 260 million (Euro 29.4 million) through its SEK 500 million asset backed bond facility.
The bonds will be issued at par and have identical terms and conditions to those issued in March 2012. Settlement is expected to take place on or about 2 July 2012.
The Company will use the proceeds of this second bond issue to support the continued growth of the Group’s consumer loan portfolio in both current and new markets.
Rami Ryhänen, Chief Executive Officer of MCB Finance Group Plc, said: “We are delighted to have completed this second bond issue which underlines investors’ continued confidence in MCB Finance.”