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Mogo Latvia Issues €30M in Bonds, the Largest Issuance in Recent Years by a Private Firm on Nasdaq Riga Stock Exchange
Peer-to-peer lending marketplace
Mintos reveals that on 1 March 2021,
Mogo Latvia had issued bonds valued at €30 million, thus managing to successfully complete the largest bond issue in recent years by a private firm via the
Nasdaq Riga Stock Exchange.
On March 11, 2021, Nasdaq confirmed that these bonds have now been listed on the Nasdaq Baltic Bond List by Nasdaq Riga, Mintos noted.
The marketplace lender added:
“With an annual coupon rate of 11%, 3-year maturity, and a minimum subscription amount of €1 000, the bonds were offered to existing Mogo bondholders and other retail and institutional investors from the Baltic region. The public offering consisted of two parts – subscription by new investors and exchange offer to existing bondholders.”
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