Successful debut on the European financial markets: ProCredit, a global microfinance group, has issued a landmark € 45 million bond led by Deutsche Bank AG
Deutsche Bank successfully arranged a €45 million bond offering (rated BBB- by Fitch) for ProCredit Holding AG in 7-year (€20m) and 10-year (€25m) tranches. This is the first time that a microfinance entity has accessed the European capital markets, which are geared towards purely commercial investors, on such a scale. Microfinance is the provision of financial services to economically active micro and small entrepreneurs in developing countries and transition economies.
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