18.04.2017
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DGAP-News: MyBucks S.A.: Successfully places the first EUR 6m of its new Eurobond
DGAP-News: MyBucks S.A. / Key word(s): Bond
MyBucks S.A.: Successfully places the first EUR 6m of its new Eurobond
18.04.2017 / 08:36
The issuer is solely responsible for the content of this announcement.
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Corporate News
MyBucks successfully places the first EUR 6m of its new Eurobond, listed on
the Vienna Stock Exchange
- Company places EUR 6.1m for first closing with listing on the Vienna Stock
Exchange
- Local bond placements in Botswana and Zimbabwe closed with first tranches
raising approximately EUR 11.5m
Luxembourg, 18 April 2017 - Frankfurt-listed FinTech, MyBucks S.A., today
announced that it had raised EUR 6.1m for the first closing of its new
Eurobond via private placement. The Eurobond will be listed on the Vienna
Stock Exchange.
MyBucks has successfully repaid its first listed Eurobond with a principal
amount of EUR 5.1m in February 2017 (placed through a wholly-owned Austrian
subsidiary of MyBucks in 2014). MyBucks is pleased to see the majority of
the first-time investors return to this issue, and believes that it will be
able to raise further funds later this year. The Eurobond carries a coupon
of 8.50% payable semi-annually and has a three-year tenor.
In parallel, MyBucks continues its efforts to secure local funding - after
successfully placing a BWP 71.8m (EUR 6.3m) Bond on the Botswana Stock
Exchange on the 24th February 2017 through its wholly-owned subsidiary in
Botswana, the Group today announced the launch of a USD 30m (EUR 28.3m) Bond
Programme from its subsidiary in Zimbabwe, with a first tranche of USD 5.4m
(EUR 5.1m) to be listed on the Zimbabwe Stock Exchange on the 26th of April
2017.
Tim Nuy, Deputy CEO of MyBucks, said: "MyBucks is a proven lending machine
with an excellent track record in risk management. The more volume we are
able to put on our machine, the more operating profits it generates for our
shareholders. The successful placements of the various international and
local bonds illustrate our ambition to continue to reduce our cost of
funding. The proceeds will be utilised both to refinance expensive
short-term debt and to drive loan book growth."
About MyBucks
MyBucks S.A. (WKN: A2AJLT, ISIN: LU1404975507, Ticker Symbol: MBC: GR) is a
FinTech company based in Luxembourg that delivers seamless financial
services through technology. Through its brands GetBucks, GetSure and
Opportunity Bank the company offers unsecured consumer loans, banking
solutions as well as insurance products to customers. MyBucks has
experienced exponential growth since its inception in 2011 and today has
operations in twelve African and two European countries as well as in
Australia. MyBucks aims to ensure that its product offering is accessible,
simple and trustworthy, in comparison to traditional, non-technological
methods, ultimately working towards enhancing the benefits to the customer.
The MyBucks' product offering enables customers to manage their financial
affairs easily and conveniently.
Discover more at www.mybucks.com.
Contact
[email protected]
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18.04.2017 Dissemination of a Corporate News, transmitted by DGAP - a
service of EQS Group AG.
The issuer is solely responsible for the content of this announcement.
The DGAP Distribution Services include Regulatory Announcements,
Financial/Corporate News and Press Releases.
Archive at www.dgap.de
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Language: English
Company: MyBucks S.A.
14, rue Edward Steichen
L-2540 Luxembourg
Grand Duchy of Luxembourg
Phone: +352 2088 2123
Fax: +27 86 537 2010
E-mail: [email protected]
Internet: www.mybucks.com
ISIN: LU1404975507
WKN: A2AJLT
Listed: Open Market (Scale) in Frankfurt
End of News DGAP News Service
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