March 16, 2012 - Assignment

MCB Finance Group plc establishes SEK 500 million secured note programme

MCB Finance Group plc has established a SEK 500 million secured note programme through its newly formed Swedish subsidiary MCB Treasury AB. The note programme was announced on 8 March 2012 and has been established to fund the group’s operations which consist of offering consumer credit via the Internet to consumers in Finland and the Baltic countries. ABG Sundal Collier acted as arranger. CorpNordic Sweden is agent and security agent for the noteholders.

The notes carry a fixed interest rate of 13% and it is intended that the notes shall be admitted to trading on NASDAQ OMX Stockholm. MCB Treasury AB’s obligations under the notes are indirectly secured i.a. via pledges of the group’s credit portfolios in Finland and the Baltic countries.

Mannheimer Swartling was responsible for structuring and documenting the note programme with Borenius acting as local counsel in Finland and the Baltic countries. The project has been handled by André Andersson, Fredrik Svensson, Daniel Wessner, Rasmus Fahlén and Carl Beyer.