BFS - Blue Financial Services - Blue Receives USD 15 Million from International
BFS
BFS
BFS - Blue Financial Services - Blue Receives USD 15 Million from International
Development Fund
BLUE FINANCIAL SERVICES LIMITED
(Registration number 1996/006595/06)
(Incorporated in the Republic of South Africa)
JSE Code: BFS
ISIN: ZAE000083655
("Blue" or "the Group")
BLUE RECEIVES USD 15 MILLION FROM INTERNATIONAL DEVELOPMENT FUND
Blue Financial Services Limited announced the conclusion of USD 15 million,
seven year senior unsecured debt facility from the OPEC Fund for International
Development (OFID).
The loan will be hedged to mitigate exposure to exchange rate fluctuations and
will be utilized to fund Blue`s consumer finance book in most of the Group`s
operations across 13 African countries.
This funding announcement follows on the recently announced R130 million local
currency facility obtained from AAA-rated Dutch entrepreneurial development
bank, the Nederlandse Financierings-Maatschappij Voor Ontwikkelingslanden (FMO).
Johannesburg
12 May 2009
Designated Adviser: PSG Capital (Pty) Limited
Date: 12/05/2009 08:00:01 Produced by the JSE SENS Department.
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