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Published on 12/7/2022 in the Prospect News High Yield Daily.

New Issue: Iceland’s Multitude places €50 million of floating-rate bonds

Chicago, Dec. 7 – Multitude SE placed €50 million of senior bonds due in December 2025 (//B+), according to a press release.

Interest will be at Euribor plus 750 basis points, and the bonds priced at 97.

Listing will be on the Frankfurt Stock Exchange Open Market.

Pareto Securities and Jefferies acted as joint bookrunners.

Proceeds will be used to refinance Ferratum Capital Germany GmbH’s outstanding bonds maturing in April 2023.

Multitude is a Helsinki-based financial services provider. It was previously named Ferratum Oyj.

Issuer:Multitude SE
Amount:€50 million
Issue:Senior bonds
Maturity:December 2025
Bookrunners:Pareto Securities and Jefferies
Coupon:Euribor plus 750 bps
Price:97
Announcement date:Dec. 7
Rating:Fitch: B+
ISIN:NO0012702549

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