Bayport Management may issue debt through capital markets

By Susanna Moon

Chicago, Sept. 12 - Bayport Management Ltd. said it has decided to explore the possibilities of raising new debt capital in the debt capital market.

Proceeds will be used to continue the company's growth plans in existing markets as well as for the possibility of entering new markets, according to a company press release.

Since the issue of SEK 700 million senior bonds due 2017 in June, Bayport has achieved high growth and reported increased profitability, the company said.

The Bayport group is a leading emerging market non-bank retail credit provider based in Ebene, Mauritius.

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