Ferratum Capital Germany GmbH is planning to list a corporate bond in the Entry Standard of the Frankfurt Stock Exchange. The subscription period begins today and will run until 17 October subject to early termination. The bond with the ISIN DE000A1X3VZ3 has a volume of up to €25 million, runs until October 2018 and has an interest rate of 8.0 percent. Its nominal denomination is €1,000.
Trading is planned to commence on 21 October 2013. Applicant and specialist is ICF Kursmakler AG.
“We are delighted that Ferratum Capital Germany GmbH is placing a corporate bond in the Frankfurt Stock Exchange's Entry Standard. An increasing number of young and growing companies are using this segment to obtain debt financing. We aim to establish the Entry Standard for corporate bonds as a long-term financing alternative,” said Dr Cord Gebhardt, Head of Primary Markets at Deutsche Börse AG.
According to company information, Ferratum Capital Germany GmbH provides microloans to private persons. The parent company Ferratum Group is already active in 18 countries within and outside Europe.