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Bayport Management Limited successfully issues a SEK 700 million (approx. USD 100m) five year bond

29 May 2012

On 29 May 2012, Bayport Management Limited (“Bayport”) announced that the company had decided to explore the possibilities to issue a new bond. The demand to invest in another bond issued by Bayport has been very strong from both Swedish and international investors. The company has therefore resolved to issue a bond.

The bond in brief

The senior unsecured bond will be issued on the Swedish debt capital market. The bond has a volume of SEK 700 million with final maturity in 2017. The bond will be listed on NASDAQ OMX Stockholm. The proceeds of the bond will be deployed into asset growth in new and existing operations.

Comments by the CEO of Bayport

Bayport CEO Grant Kurland comments “Bayport has performed very well since the debut bond issue in November 2010 and with the proceeds from this issue, we are very well positioned for continued growth into new and existing markets. Furthermore, it is very encouraging for Bayport to be able to return to the bond market and to issue another SEK 700 million bond despite the challenging global macroeconomic environment.”

The Bayport group is a leading emerging market non-bank retail credit provider. The Company was founded in 2001 and operates under the brand name of Bayport Financial Services. Bayport’s operations are domiciled in Botswana, Colombia, Ghana, Tanzania, Uganda and Zambia servicing approximately 250,000 customers through its 248 branches and over 2,300 employees.

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