Portuguese company Unicre-Instituição Financeira de Crédito has registered a new €23.5 million bond issue with BME's fixed income market MARF. The new issue has a face value of €100,000, an interest rate of 1.75% per annum and a face value maturing in February 2025. The bonds have been placed with qualified investors. With this new issue, Unicre is accessing the capital markets and diversifying its sources of financing through MARF.

Beka Finance is acting as co-coordinator and bookrunner, StormHarbour Securities is acting as co-coordinator, and Caixa – Banco de Investimento will act as paying agent.

VGM Advisory Partners participated in MARF as registered advisor to the issuer. Unicre received legal advice from Vieira de Almeida & Associados, Sociedade de Advogados in the issuance and listing of the bonds.

Unicre is a Portuguese credit institution supervised by the Bank of Portugal, specializing in the development of consumer credit products and general commercial payment systems for retail customers. Founded in 1974, the company has evolved and expanded its business during its 48-year history to cover different commercial payment areas. It currently operates through two main brands: Unibanco and Reduniq. The first is a financial business brand specializing in card issuance and personal loans, in both areas it has nearly 245,000 cards in circulation and credit balances of over 230 million euros each. The second focuses on the installation and management of commercial point-of-sale terminals and is the number one operator in Portugal, with more than 100,000 points-of-sale terminals and an annual turnover of more than 20 billion euros. Unicre is currently owned by 12 Portuguese and Spanish banks and financial institutions.

Unicre announced total revenues of €151 million for 2021, with banking products of €71 million.