The Company informs that the exchange period for the Sun Finance Treasury Limited bonds ISIN LV0000802445 to the new Senior Unsecured Notes, registered on 19 August 2022, has ended.
The new Notes issue holds the following characteristics:
| ISIN | LV0000860112 |
| Type of security | Senior Unsecured Notes |
| Issue size | EUR 50 million |
| Nominal value | EUR 1,000 |
| Annual coupon rate | 11.00% + 3M EURIBOR |
| Coupon payment frequency | Monthly |
| Maturity | 30 September 2025 |
| Principal repayment | At maturity |
| Minimum subscription amount | EUR 100,000 |
Notes issue is structured as a private placement with EUR 100,000 minimum investment.
The issue has been arranged by Signet Bank AS.
Due to the current bondholders’ exchange to new bonds, the LV0000802445 issue size has been decreased to EUR 4,832,000. The bond issue will be repaid in full on maturity date – September 30, 2022.
About Sun Finance Group and Sun Finance Treasury Limited
Sun Finance Treasury Limited is a subsidiary of Sun Finance Group, AS. Sun Finance is a financial technology company established in Riga, in 2017, by CEO Toms Jurjevs and co-founder Emīls Latkovskis. Sun Finance operates as an online consumer financing platform in seven countries on three continents, with headquarters in Riga, Latvia. Sun Finance has more than 9 million registered customers and employs more than 1,000 people, ~150 of whom work at the headquarters in Riga. The company is led by a team of seasoned professionals with more than 15 years of experience in managing FinTech, financial and IT companies.