By Devika Patel
Knoxville, Tenn., Dec. 12 – Bayport Management Ltd. settled $80 million of 10.5% subordinated social bonds due 2022, according to a press release. The deal was announced Monday.
DNB Markets was the bookrunner.
The transaction was very well received by the market, according to the release.
Based in Mauritius, Bayport provides financial services in Botswana, Colombia, Ghana, Mexico, Mozambique, South Africa, Tanzania, Uganda and Zambia.
| Issuer: | Bayport Management Ltd.
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| Securities: | Subordinated social bonds
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| Amount: | $80 million
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| Bookrunner: | DNB Markets
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| Maturity: | 2022
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| Coupon: | 10.5%
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| Announcement date: | Dec. 9
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| Settlement date: | Dec. 12
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