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Mogo Latvia today launched the public offering for bonds that will last from February 12 to February 25, 2021. The Financial and Capital Market Commission of Latvia has approved the Base Prospectus of 30 million Euro Bonds Programme of Mogo Latvia.
Mogo Latvia has been represented in the Baltic capital market since 2014. Two years after its founding, Mogo successfully completed the issue of debt securities in the amount of €20 million, which was included in the Baltic Regulated Market. Currently, Mogo is represented in the Baltic capital market with two bond issues – in the total amount of €30 million. The purpose of this issuance is to refinance the current bonds.
About Mogo Group
Mogo Group was founded in 2012 in Latvia and joined the Mintos marketplace in 2015, originally offering loans for investment from Latvia. Since then, Mogo Group has placed loans on the marketplace from 14 countries in the Baltics and Central, Eastern and South-Eastern Europe. Operating regions also include the Caucasus and Central Asia, as well as Eastern Africa. Up to date, the company has issued over € 585 million worth of secured loans and run a net loan and used car rental portfolio of over € 192 million.
Some of the equity investors in Mogo Group and Mintos overlap.