Practice Areas - Debt Capital Markets Law Firms and Lawyers
| Deal Date: | 08-06-2017 | Practice Area: | Debt Capital Markets |
| Deal Title: | Lendify AB P2P Lending Platform Securitisation | Industry: | Financial Services |
| Description: |
Lendify AB, a P2P-lending platform, issued SEK 200,000,000 bonds on 30 May 2017 through its wholly-owned subsidiary Lendify Sweden 1 AB (publ). The bonds had a tenor of three years and an annual interest rate of three-months Stibor plus 5%.
The bonds were backed by a portfolio of promissory notes issued by consumers in Sweden in favour of Lendify. The payment of interest and repayment of principal on the bonds was based on the cashflow from the portfolio. Vinge acted for Lendify in the structuring and documentation of the transaction.
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| Financial Center: | Stockholm | Value: | 0.00-100.00 |
| Advised Party: | Originator | Law Firm | Vinge |
| Assets Jurisdiction | Sweden | Issuer Jurisdiction | Sweden |
| Classification: |
Securitisation and Structured Finance Consumer Loans |
Lawyer | Jonas Johansson |
