AS “mogo” attracts EUR 10 million via bond issue.
On February 7, 2018 AS “mogo” closed the subscription period of bonds (LV0000880029), attracting funds in the amount of EUR 10 million.
The maturity of the bonds is March 31, 2021, the annual coupon rate – 10% with a monthly payment frequency. The bonds were offered to professional investors with a minimum investment of EUR 100,000 per each investor in the form of a private placement.
Bond issue was arranged by BlueOrange Bank.
“When in 2014 we issued and included the first EUR 20 million bond issue in the Nasdaq Riga, we hoped that transparency and regular financial reporting would help to diversify sources of financing in the future as well. We are glad that our expectations have been met. We highly appreciate the confidence shown by investors in the second issue of “mogo” bonds, which will allow the further development of AS “mogo” and the Mogo Group as a whole,” explains AS “mogo” board member Aleksandrs Čerņagins.