The Multitude Bank PLC, a subsidiary of listed Multitude AG, has emitted Tier 2-Breiensebn with a volume of EUR 25 million and a term by 2035. The animal 2 bonds are with 3m Euribor +11.00% interest and were placed at a price of 99.00% (WKN A4D58U, ISIN DE000A4D58U2). The 3M Euribor currently has a stand of almost 2.5%.
The emission proceeds are intended to further strengthen the capital base of the issuer and its animal 2 capital requirements in accordance with Regulation (EU) No. 575/2013 (CRR). Multitude Bank will use the net proceeds for general corporate purposes.
SeaPort Global Securities LLC acted as the sole placement agent and bookerner for the offer.
Multitude AG (WKN A40VJN, ISIN CH1398992755) is a listed European fintech company that offers consumers, small and medium-sized companies and other fintechs digital credit and online banking services.