AS “mogo” registers new bond issue in amount of EUR 10 million
In line with increased demand, on December 1, 2017 AS “mogo” registered into Nasdaq CSD a new bond issue with the following characteristics:
| ISIN code | LV0000880029 |
| Number of Bonds | 10,000 |
| Minimum subscription amount | EUR 100,000 |
| Total issue size | up to EUR 10,000,000 |
| Nominal value of 1 Bond | EUR 1,000 |
| Coupon rate | 10% |
| Bond maturity | 31 March, 2021 |
| Coupon payment frequency | Monthly |
| Principal repayment | At maturity |
Bond issue will be structured as a private placement for professional investors with minimum subscription amount of EUR 100,000.
Placement of the bonds is organized by AS BlueOrange Bank.
“We value the investors’ shown confidence for the current offer of AS “mogo” bonds and we have decided in favor of a new bond issue of EUR 10,000,000, which will allow AS “mogo” and Mogo Group as a whole to continue successful development,” explains AS “mogo” board member Aleksandrs Čerņagins.
