Mogo now extends the offer by adding loans at higher interest rate without buyback guarantee and introducing risk categories

08.01.2020

mintosblog

Mogo Group, one of the largest used-car financing companies in Europe, extends its offering on Mintos once again by adding a new higher-yielding investment product to the platform. Mogo loans without the buyback guarantee are available again on the marketplace. Moreover, you can now tailor your investments according to loan risk categories which are based on loan originators’ unique internal scoring models. (more…)

Mogo Group now offers to invest in car loans from Albania

06.01.2020

mintosblog

Mogo Group expands once again! This time, the company adds Albania, the 11th country on Mintos. Now you can invest in more car loans and get exposure to a developing economy.   (more…)

Mogo Finance places EUR 25 million tap on existing 9.50% corporate bond 2018/2022

14.11.2019

mintosblog

Mogo group has successfully placed a EUR 25 million tap issue of its 9.50% corporate bond 2018/2022 (XS1831877755) at 95% plus accrued interest. Listing of the bonds on the Frankfurt Stock Exchange’s regulated market (General Standard) is based on the securities prospectus approved by the CSSF (Luxembourg supervisory authority). (more…)

Mogo Group adds loans for investment from its 10th country on Mintos – Belarus!

20.09.2019

mintosblog

Mogo Group, one of the largest used-car financing companies in Europe, has expanded its presence on Mintos once again by adding car loans from Belarus. With this development, Mogo Group now offers investment opportunities from 10 different countries on the marketplace. (more…)

Mogo Finance achieves a new milestone, B- (Stable outlook) rating from Fitch Ratings

16.08.2019

mintosblog

Mogo Finance, one of the largest used-car financing companies in Europe, has recently announced a new milestone, as Mogo Finance and its group companies have received a B- “Stable Outlook” rating from Fitch Ratings. (more…)

Mogo Finance S.A. now provides group guarantee on Mintos

23.05.2019

mintosblog

On Mintos, we have a number of risk mitigation layers in place. One of these layers includes the parent company or group guaranteeing the obligations, that is ensuring the buyback guarantee is fulfilled, of a loan originator on Mintos. (more…)

Mogo adds car loans from yet another country on Mintos – Armenia!

29.03.2019

mintosblog

The opportunities from the largest non-bank car loan financier in the Baltics, Mogo, have grown once again on Mintos. From today, you now have the chance to invest in its car loans issued in a new country, Armenia, on the marketplace. (more…)

Mogo Finance successfully places EUR 25 million tap on existing 9.50% corporate bond 2018/2022

16.11.2018

mintosblog

Mintos is happy to announce that on November 9 Mogo group has successfully placed the tap issue of EUR 25 million of their corporate bond 2018/2022 (XS1831877755) at a coupon rate of 9.50%. After the tap issue, the total amount outstanding of Mogo corporate bond issued in Frankfurt Stock Exchange amounts to EUR 75 million. (more…)

Changes in Mogo’s claim composition

13.07.2018

mintosblog

We would like to inform you that Mogo will change the claim composition for its new loans offered on the Mintos marketplace, starting July 16, 2018.

The claim composition of loans offered on the Mintos marketplace can include interest, late payment interest and penalties; with interest being the main source of income for investors. The exact composition is determined by the loan originator, taking into account its preferences and the underlying loan agreement. (more…)

Mogo will repurchase part of its loans on Mintos following the bond issuance

12.07.2018

mintosblog

Following the successful issuance of a EUR 50 million bond, secured car loan provider Mogo will refinance its existing funding facilities. Among others, this will include loans funded by investors on Mintos. (more…)