News dalla rete ITA

23 Settembre 2022

Lettonia

SUN FINANCE ISSUES BONDS IN AMOUNT OF 50 MILLION EUROS

Sun Finance, a Latvia-based fintech, has launched its largest bond issue to date in the amount of EUR 50 million. The raised funds will be invested to finance the company’s further growth as well as to refinance the second bond issue. The new bond issue size is EUR 50 million, with the annual coupon rate of 11% + 3M EURIBOR and a three-year maturity. The bonds are offered to investors in the form of a private placement, with a minimum investment of EUR 100 000; an exchange opportunity was offered to the existing bondholders who own the bonds with the maturity date on 30 September 2022, thus extending their cooperation with Sun Finance. Since its creation in 2017, Sun Finance has issued a total of one and a half billion euros in loans. The company’s success has also been recognized by the UK-based business outlet Financial Times, which for two consecutive years has named it among Europe’s fastest-growing companies. What’s more, last year the company topped the rating of Europe’s fastest-growing financial technology companies. Sun Finance is a financial technology company that provides online consumer finance services. The company operates in seven countries on three continents, with its headquarters based in Riga.  (ICE STOCCOLMA)


Fonte notizia: The Baltic Times