AS DelfinGroup issues new bonds in the amount of 10 million euros
On May 25 Latvian financial service company AS DelfinGroup has successfully completed bonds issue via private placement in the amount of 10 million euros. The annual coupon rate of the bonds is 8% which is the lowest coupon rate in the history of the company. Maturity of the bonds is set 25 November 2023.
The proceeds from the bond issue will be used for further development of the company and will contribute to a reduction of the company’s total funding costs.
The bonds are scheduled to be listed on the Nasdaq Riga alternative market Nasdaq First North after completion of the listing procedures.
The arranger of the bond issue was AS Signet Bank.
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About AS DelfinGroup
AS DelfinGroup is a licenced technology-based financial services company that was established in 2009 and operates under the brand names Banknote and VIZIA. The company continuously develops and offers consumer and pawn loans, loans developed for senior citizens, Buy now pay later loans (BNPL loans), as well as sale of pre-owned goods both online and at more than 90 branches across Latvia. On average, 35 thousand loans are issued every month and serviced by the professional team of more than 270 AS DelfinGroup employees. The company has a total of over 400,000 registered customers. Since 2014, AS DelfinGroup has been known on the Nasdaq Riga Stock Exchange as a bond issuer and since 2021 as a share issuer on the Baltic Main List. The company’s IPO in 2021 attracted almost 6000 new shareholders. The company regularly pays dividends to its shareholders. In 2021, the company's net loan portfolio grew to EUR 43 million, while its EBITDA reached EUR 10.2 million, with profits before income tax EUR 5.2 million. The company’s sustainability is based on focused corporate governance, fintech innovation, responsible lending, financial inclusion and facilitating the circular economy. The company has been profitable every year since 2010.
For further information, please contact:
AS DelfinGroup Chief Financial Officer
Phone: +371 26189988