Bayport Management Limited ("Bayport" or the "Company") issued its debut bond of
SEK 700m in the Swedish market during November 2010 with a subsequent issue of
the same size in June 2012. Since then Bayport has achieved high growth and
reported increased profitability. The demand for the Company's services
continues to be high in its existing markets while at the same time, the Company
continues to evaluate new markets.
In order to continue the growth plans in the existing markets as well as
possibly entering new markets, it is in the opinion of the Company's board of
directors that Bayport would benefit from raising additional debt capital. Thus,
Bayport has decided to explore the possibilities of raising new debt capital in
the debt capital market.
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, Mozambique, Tanzania, Uganda and Zambia servicing approximately 280,000
customers through its 293 branches and over 2,800 employees.
Please feel free to contact David Rajak +27 11 236 7300
/ investor@bayportfinance.com should you have any queries.
[HUG#1728796]
Bayport Management Ltd : Explores possibilities to raise new debt
| Quelle: Bayport Management LTD