Pioneer Credit LtdASX: PNC

315bps margin reduction on $55.5m Medium Term Notes

· Issued by Pioneer Credit Ltd

Filed with ASX · · 2 pages · English

Pioneer Credit Limited (ASX: PNC) (“Pioneer” or “the Company”) is pleased to announce a further improvement in its cost of capital, having secured a 315bps reduction in the pricing of its $55.5m Medium Term Notes (“MTNs”). Key terms of the amendment: ▪ The margin has reduced to BBSW +7.35%, effective immediately ▪ This delivers annual cash interest savings of $1.75m ▪ Pioneer has agreed not to rep

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