PlusPlus Capital Issues €70 Million Corporate Bond – First Bond Listing as Next Stage of Growth


DGAP-News: PlusPlus Capital Financial S.à.rl / Keyword(s): Bond/Debt Issue
PlusPlus Capital Issues €70 Million Corporate Bond – First Bond Listing as Next Stage of Growth
22.07.2022 / 18:05
The issuer is solely responsible for the content of this announcement.

PlusPlus Capital issues 70 million euros of corporate bonds
The first bond exchange listing as the next stage of growth

Tallinn, Estonia, July 22, 2022. PlusPlus Capital (“PPC”), a pan-Baltic and Finnish technology-focused debt management group, is issuing a four-year corporate bond (ISIN: XS2502401552) offering the option of conversion into the refinancing of existing bonds and to financing growth. Today, PlusPlus Capital Financial S.à rl (Luxembourg) issued €70 million of 96% senior covered bonds with an interest rate of 11% and a maturity until 2026. The settlement is scheduled for July 29, 2022.

The new bonds are expected to be listed on the open market of the Frankfurt Stock Exchange on July 29, 2022.

GOTTEX Brokers SA (Switzerland), STX Fixed Income BV (Netherlands), AS Redgate Capital (Estonia), Bankhaus Scheich Wertpapierspezialist AG and Adamant Capital Partners AD collectively supported the offer as managers. Aalto Capital (Germany) acted as financial advisor and global coordinator of the Group.

“The issuance of our first publicly traded bond is a major step in the further development of PlusPlus Capital. PlusPlus Capital pursues a win-win approach in its business activities, which is also reflected in the issuance of our first listed bond. By doing so, we can offer better terms to our existing investors, while providing new investors with an attractive investment opportunity. Moreover, we see a great opportunity for our business activities, especially in these difficult economic times which are favorable for our business,” said Kaarel Raik, CEO of PlusPlus Capital.

Contact:

PlusPlus Capital
Peeter Piho, Board Member
Email: [email protected]
Telephone: +372 622 4020

Aalto Capital (Investor Relations)
Sven Pauly, consultant
Email: [email protected]
Telephone: +49 89 898 67 77 0

About PlusPlus Capital:

PlusPlus is a pan-Baltic and Finnish technology-driven debt management company with offices in Tallinn, Riga, Vilnius and Helsinki. The Company acquires delinquent loans and other non-performing exposures from financial institutions and merchants in the non-financial sector. With its core competency in handling claims against individuals, PlusPlus prefers diversified portfolios balanced by geography, portfolio type, and other parameters.

Since its inception in 2010, PlusPlus has repurchased over 100,000 receivables with a face value of approximately €274 million, in line with industry best practice. The Company provides its customers with affordable recovery solutions and aims to avoid contentious scenarios. In doing so, PlusPlus seeks win-win solutions that allow sellers to focus on their core business, provide affordable solutions to borrowers and ensure adequate returns for investors.

PlusPlus is a transparent and socially responsible company whose goal is to help people solve problems related to their insufficient creditworthiness. PlusPlus’ ambition is to increase its market share and further strengthen its position as a leading player in its regional market.

pluspluscapital.eu

22.07.2022 Broadcast of a Corporate News, transmitted by the DGAP – a service of EQS Group AG.
The issuer is solely responsible for the content of this announcement.

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