The newly issued secured bonds carry coupon rates ranging from 10.0% to 12.0%, with maturities on 1 June 2027, 1 June 2028, and 1 June 2029. The proceeds will be used to refinance existing liabilities and support the continued growth of the group’s consumer credit portfolio across its European markets.
The issuance attracted participation from new and existing investors, demonstrating continued investor support for the group.
Aaro Sosaar, CEO of Creditstar Group, commented: “The strong participation reflects investor trust in Creditstar’s business model and the strength of our long term investor relationships. Together with a more diversified funding mix, this supports our ability to fund growth across Europe on more efficient terms.”
Valter Kaleta, Board Member at Creditstar Group, added: “The proceeds will be used to refinance existing liabilities and support portfolio growth. The new coupon range is 1.5 percentage points below the equivalent issuance completed in the same period last year, supporting a more efficient funding structure and extending the group’s maturity profile.”
The latest issuance was registered by Nasdaq CSD SE, with legal counsel provided by Sorainen.
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