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MoneyMe: Closes $15M bond issue | Fintech InShorts: Latest fintech news, analysis by experts

Less than 1 min.Read

MoneyMe: Closes $15M bond issue

By Steve Sam

April 30, 2021

MoneyMe (MME) advises its successfully closed an $15 million offering of four-year secure notes
The medium-term notes attracted a fixed coupon of 8.25 per cent per annum
MME is also able to redeem the notes at any time prior to their final maturity date at a set redemption price
The company said the notes will provide further capital to support MME’s future growth
MoneyMe ended the March quarter with a 111 per cent increase in originations compared to the same time last year
Company shares ended Friday trading up 1.49 per cent at $1.37 per share

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