Chicago, June 24 – Multitude SE placed €50 million in subordinated capital perpetual notes (//B-) that qualify as IFRS equity, according to a press release.
The hybrid bonds will have a floating rate of Euribor plus 890 basis points and were issued at 99.5.
Proceeds were used to fund a tender offer for subsidiary Ferratum Capital Germany GmbH’s 2022 and 2023 bonds.
Pareto Securities AB was the arranger and bookrunner for the hybrid bonds.
The issuer is a Helsinki-based provider of financial services.
| Issuer: | Multitude SE
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| Issue: | Subordinated capital perpetual notes
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| Amount: | €50 million
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| Maturity: | Perpetual
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| Bookrunners: | Pareto Securities AB
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| Coupon: | Euribor plus 890 bps
|
| Price: | 99.5
|
| Announcement date: | June 24
|
| Ratings: | Fitch: B-
|
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