October 25, 2021
AS DelfinGroup informs on early redemption of bonds (ISIN LV0000802379)
According to bond ISIN LV0000802379 issue prospectus point 4.2.13. AS DelfinGroup informs, as of 25/11/2021 early redemption of bonds will be made and nominal value of one security is going to be fully repaid by EUR 1000. According to prospectus early redemption fee of 1% remaining bond value will be paid to bond holders.
Total nominal value of bonds issue will be decreased and fully repaid for EUR 5 million.
The purpose of early redemption of the bonds is to reduce financing costs and is in line with the IPO prospectus and long-term plans of the Company.
The initial public offering (IPO) of AS DelfinGroup successfully closed on 14 October and was the largest IPO in the history of Latvia in terms of investor activity. 5,927 investors participated in the IPO and the company raised 8,09 million euros. On 19 October 2021 Nasdaq Riga decided to list AS DelfinGroup shares on the Baltic Main List as of 20 October 2021.
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, 35,000 thousand loans are issued every month and serviced by the professional team of more than 250 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. The company regularly pays dividends to its shareholders. In 2020, the company's net loan portfolio grew to EUR 34.6 million, while its EBITDA reached EUR 9.3 million, with profits before income tax for dividends EUR 4.65 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.