GlobeNewswire by notified

Euroloan repays EUR 15 million bond and issues three new bonds to fuel growth

Share

Helsinki, Finland, 2017-11-21 10:32 CET (GLOBE NEWSWIRE) -- Euroloan Group PLC today announced the repayment of a EUR 15 million bond (ISIN code FI4000180351), that had a maturity of 24 months and a coupon of 6%.

“We have over ten years of operation built up a level of trust with our investors”, says Tommi Lindfors, Chairman of the Board of Euroloan Group PLC.

Euroloan has now issued three new bonds, in total EUR 90 million, to keep up with the rapid growth in its markets.

 “Although a minor milestone, this small repayment compared to the new bond issues is a concrete example of how much we have grown over the last few years. We intend to grow a lot more in the future.”

“All our markets are growing at an unprecedented pace, and future prospects for further growth are even better. In the pay by invoice and lending business, fast growth means that more funding is required to keep up with demand. This is why we have issued these three new bonds to complement our existing facilities and an ongoing EUR 40 million equity round.”

In May this year Euroloan announced the doubling of its structured financing facility with Fortress Investment Group LLC (NYSE:FIG) from EUR 60 million to EUR 120 million. In June, the group strengthened its equity by EUR 5 million through crowdfunding.

The new bonds are:

1-year bond:

  • Euroloan Group 4/2017 (ISIN Code FI4000292271)
  • Maturity 14.11.2018
  • Size EUR 30 million
  • Coupon 5 %

2-year bond:

  • Euroloan Group 5/2017 (ISIN Code FI4000292289)
  • Maturity 14.11.2019
  • Size EUR 30 million
  • Coupon 6 %

5-year bond:

  • Euroloan Group 6/2017 (ISIN Code FI4000292297)
  • Maturity 14.11.2022
  • Size EUR 30 million
  • Coupon 9 %

Disclaimer:

This material is for information purposes only. The information contained herein does not constitute a public offer of securities under any applicable legislation or an offer to sell or solicitation or an offer to buy any securities or financial instruments or any advice or recommendation with respect to such securities or other financial instruments.

About Euroloan

Euroloan Group PLC is a rapidly growing international group, specialized in highly automated financial services and financial technology (FinTech).

Utilizing advanced algorithms, machine learning and true end-to-end automation, the Group offers consumer loans, credit cards and merchant payment solutions on Euroloan’s secure cloud-based platform.

More information about Euroloan Group is available at www.euroloan.com, Finland www.euroloan.fi, Sweden www.euroloan.se and Poland www.euroloan.pl.

         For more information, please contact:
         Jonas Lindholm
         Euroloan Group Plc
         Tel +358 10 217 1003
         Email: investor@euroloan.com

About GlobeNewswire by notified

GlobeNewswire by notified
GlobeNewswire by notified
One Liberty Plaza - 165 Broadway
NY 10006 New York

https://notified.com

GlobeNewswire by notified is one of the world's largest newswire distribution networks, specializing in the delivery of corporate press releases financial disclosures and multimedia content to the media, investment community, individual investors and the general public.

Subscribe to releases from GlobeNewswire by notified

Subscribe to all the latest releases from GlobeNewswire by notified by registering your e-mail address below. You can unsubscribe at any time.

Latest releases from GlobeNewswire by notified

CONDITIONS FOR RIKSBANK AUCTIONS GOVERNMENT BONDS28.3.2024 12:05:00 CET | Press release

Bid procedure, 2024-04-05BondsSWEDISH GOVERNMENT: 1060. SE0009496367. 2028-05-12 SWEDISH GOVERNMENT: 1062, SE0013935319, 2031-05-12 SWEDISH GOVERNMENT: 1053, SE0002829192, 2039-03-30 Bid date2024-04-05Bid times09.00-10.00 (CET/CEST) on the Bid dateOffered volume (corresponding nominal amount)1060: 900 million SEK +/-900 million SEK 1062: 900 million SEK +/-900 million SEK 1053: 900 million SEK +/-900 million SEK Highest permitted bid volume (corresponding nominal amount)1060: 900 million SEK per bid 1062: 900 million SEK per bid 1053: 900 million SEK per bid Lowest permitted bid volume (corresponding nominal amount)SEK 10 million per bidExpected allocation timeNot later than 10.15 (CET/CEST) on the Bid dateDelivery and payment date2024-04-09Settlement amountTo be paid to the Riksbank's account in Euroclear Sweden AB's securities settlement system SWIFT: VPCSSESSXXX Account: 1 4948 6383 CTM BIC: RIKSSESS ALERT acronym: RIKSBANK Stockholm, 2024-03-28 This is a translation of the special

Carbon Streaming Announces Financial Results for the Year Ended December 31, 202328.3.2024 12:00:00 CET | Press release

Continuing to position the Company for success with a Strong Cash Balance, Reduced Operating Costs and Actively Managed and Diversified Stream Portfolio TORONTO, March 28, 2024 (GLOBE NEWSWIRE) -- Carbon Streaming Corporation (Cboe CA: NETZ) (OTCQB: OFSTF) (FSE: M2Q) (“Carbon Streaming” or the “Company”) today reported its financial results for the fiscal year ended December 31, 2023. All figures are expressed in United States dollars, unless otherwise indicated. The Company will host a live audio call at 11:00 a.m. ET on Thursday, March 28, 2024. Carbon Streaming Founder and CEO Justin Cochrane stated: “In 2023, Carbon Streaming was able to improve its operating cash flow through the successful implementation of ongoing reductions in operating costs. As of December 2023, we have achieved savings of over $7.5 million for the fiscal year when compared to the previous 12-month period, and we expect to continue targeting additional cost saving opportunities in the future.” Mr. Cochrane co

Nexstim Plc: Resolutions of the Annual General Meeting of Shareholders28.3.2024 12:00:00 CET | Press release

Company Announcement, Helsinki, 28 March 2024 at 1 PM (EET) Nexstim Plc: Resolutions of the Annual General Meeting of Shareholders Nexstim Plc (NXTMH:HEX) (“Nexstim” or “Company”), announces as follows regarding the resolutions that were adopted at its Annual General Meeting of Shareholders held today on 28 March 2024. 1 PRESENTATION OF THE ANNUAL ACCOUNTS AND CONSOLIDATED ACCOUNTS, RESULT OF THE FINANCIAL YEAR AND DISCHARGE FROM LIABILITY. The annual general meeting adopted the company’s financial statements, including the consolidated financial statements, for the year 2023, and resolved that no divided is paid for the financial year 1 January – 31 December 2023, and that the result of the financial year is recorded in the retained earnings account. The annual general meeting discharged the members of the board of directors and the managing director from liability for the financial year 1 January–31 December 2023. 2 ELECTION AND NUMBER OF THE MEMBERS, AND ELECTION OF THE CHAIR OF THE

Tulikivi Corporation’s annual report for 2023 has been published28.3.2024 12:00:00 CET | Press release

TULIKIVI CORPORATION STOCK EXCHANGE RELEASE 28 MARCH 2024 AT 13:00 The Tulikivi Corporation annual report for 2023 includes the company's financial statements for 2023 and the auditors' report, the Board of Directors' report, the corporate governance statement and the remuneration report. Tulikivi Corporation has published its financial statements in the XHTML format compliant with the European Single Electronic Format (ESEF) reporting requirements. In accordance with the ESEF requirements, the main statements in the consolidated financial statements and the notes have been tagged with XBRL. The auditor has submitted a certification report on the ESEF financial statements. The financial statements are appended to this bulletin in the XHTML format and the annual report as a PDF file. The files are also available on the company's website at www.tulikivi.com. TULIKIVI CORPORATION Board of Directors Further information: Heikki Vauhkonen, Managing Director, tel. +358 (0)207 636 555 Distribu

EBC Financial Group (Cayman) Limited Granted Full Regulatory Licence from the Cayman Islands Monetary Authority (CIMA)28.3.2024 11:53:45 CET | Press release

EBC Financial Group strengthens its global presence with full CIMA licence, underscoring the group’s commitment to stringent global regulatory standards HONG KONG, March 28, 2024 (GLOBE NEWSWIRE) -- EBC Financial Group (EBC Group or EBC) is pleased to announce that its Cayman Islands subsidiary, EBC Financial Group (Cayman) Limited, has been awarded a full Cayman Islands Monetary Authority (CIMA) licence. This significant achievement marks a major advancement in EBC's global regulatory portfolio, following its existing accreditations from the UK's Financial Conduct Authority (FCA) and the Australian Securities and Investments Commission (ASIC). Within CIMA's strict regulatory framework, EBC will offer more comprehensive financial services, including trusts, securities, futures, and funds, specifically catering to retail, professional, high-net-worth individuals and institutional investors. The Cayman Islands, recognized as a premier offshore financial centre, gathers 90% of the world's

HiddenA line styled icon from Orion Icon Library.Eye