By Jennifer Chiou
New York, Aug. 27 – Bayport Management Ltd. announced that it has priced the remaining SEK 200 million of its maximum SEK 800 million of 13% senior bonds due June 2017 (ISIN SE0005393477), according to a press release.
ABG Sundal Collier AB and DNB Markets acted as joint lead managers.
The original SEK 600 million of bonds priced to yield 9¾%.
The latest bond subscription was oversubscribed at a price of 108.
Settlement is anticipated on Sept. 2.
As reported, proceeds will be deployed into asset growth in existing operations and possibly into new operations.
Bayport is an emerging market non-bank retail credit provider in Botswana, Colombia, Ghana, Tanzania, Uganda and Zambia. It is based in Ebene, Mauritius.
| Issuer: | Bayport Management Ltd.
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| Issue: | Senior bonds
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| Total amount: | SEK 800 million (up from original SEK 600 million)
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| Maturity: | June 2017
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| Coupon: | 13%
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| Price: | 108 (for SEK 200 million additional bonds)
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| Lead managers: | ABG Sundal Collier AB and DNB Markets
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| Announcement date: | Aug. 27
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