HWL Ebsworth has assisted Moneytech Group on the successful completion of its unsecured subordinated notes offer, raising a total of $25 million. Moneytech is an unlisted public company which provides financial solutions through its proprietary online banking platform, the Moneytech Exchange.

FIIG Securities Limited acted as sole lead arranger for the issue, book building the seven year unrated wholesale note issue. The offer was open to professional and sophisticated investors in accordance with Part 6D.2 of the Corporations Act 2001.

The offer was a resounding success and was oversubscribed and a scale back occurred with a total of $25 million in notes issuing on 10 April 2015. The transaction involved complex negotiations with Moneytech's senior financier, resulting in renegotiation of the wholesale facility mid-transaction.

HWL Ebsworth's Matthew Reynolds and Caroline Snow from the Brisbane Office acted for Moneytech Group as Issuer in the transaction.