Release details

2017-11-24 10:00 CET
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Bayport Management Ltd : Bayport Management Ltd. to redeem its 2015/2018 outstanding bonds in their entirety

Bayport Management Ltd. (the "Company") has given notice that it is exercising its option for early redemption, in full, of the Company's maximum SEK 1,500,000,000 senior unsecured fixed rate bonds 2015/2018 with ISIN SE0007577358 (the "Bonds"), and has given notice of this to all holders of the Bonds.

The date on which the redemption of the Bonds will occur will be 29 December 2017. The total outstanding amount of the Bonds is SEK 1,100,000,000. All Bonds will be redeemed at an amount equal to 104.00 per cent of the Bonds nominal amount together with accrued but unpaid interest from but excluding the preceding interest payment date up to and including the early redemption date 29 December 2017.

The payment of the redemption amount will be disbursed to holders of the Bonds who on the record date, being 20 December 2017, are registered as owners of the Bonds in the debt ledger produced by Euroclear Sweden AB.

In connection with the early redemption, the Bonds will be delisted from the corporate bond list at Nasdaq Stockholm.

This notice of early redemption is irrevocable and is governed by Swedish law.

The complete notice to the holders of the Bonds is published on the Company's website.

For additional information, please contact:

David Rajak, Executive - Capital Markets (investor@bayportfinance.com / +27 11 236 7300).

About Bayport:

The Bayport group of companies provides financial solutions to individuals in emerging markets who are at the lower end of the earnings spectrum and unable to access traditional banking services. This is achieved by embracing technology, product leadership and innovation. Bayport Management Ltd is the holding company of 8 subsidiaries operating in 8 countries, Botswana, Colombia, Ghana, Mozambique, Mexico, Tanzania, Uganda and Zambia. Read more at www.bayportfinance.com

About this information:

This information is information that Bayport Management Ltd. is obliged to disclose pursuant to the EU Market Abuse Regulation. The information was released for public disclosure, through the agency of the contact person above, on 24 November 2017, at 1000 (CET). 

 

HUG#2151776