MCB Finance Group plc (AIM: MCRB.L) (the “Company” or the “Group”), the consumer finance company providing flexible credit solutions to retail customers in Finland, Estonia, Latvia and Lithuania, announces that it has raised SEK 175 million (Euro 19.8 million) through a SEK denominated asset backed bond issue to investors in the Nordic region. This issue constitutes a first closing under a bond facility through which the Company can raise up to SEK 500 million (Euro 56 million).
Project legal team included from Tallinn office partner Priit Pahapill, senior associate Indrek Minka and counsel Andreas Kotsjuba were involved.
Settlement is expected to take place on or about 8 March 2012. The bonds will be affiliated to Euroclear and listed on the Corporate Bond List of NASDAQ OMX prior to 1 July 2012.
ABG Sundal Collier AB, based in Stockholm, Sweden, acted as lead manager for the bond issue.