Sun Finance Group registers new Senior Unsecured Notes issue in amount of EUR 50 million
On 31 May 2023, Sun Finance Treasury Limited has registered a new Senior Unsecured Notes issue with Nasdaq CSD with the following characteristics:
|
ISIN |
LV0000802692 |
|
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 November 2026 |
|
Principal repayment |
At maturity |
|
Minimum subscription amount |
EUR 100,000 |
|
Listing |
Planned listing on Nasdaq First North within 12 months from the issue date |
Notes issue is structured in a form of a private placement with EUR 100,000 minimum investment.
Notes issue has been arranged by Signet Bank AS.
About Sun Finance Group and Sun Finance Treasury Limited
Sun Finance Treasury Limited is 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 eight countries across three continents, with headquarters in Riga, Latvia. Sun Finance has more than 12 million registered customers and employs more than 1400 people, 180 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.
Zanda Apine
Investor Relations
Zanda.Apine@sunfinance.group
+371 26 398 416
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