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The demand for bonds, according to the data of the issuing agent AS “Signet Bank”, has exceeded the supply. Agris Evertovskis, Chairman of the Board of DelfinGroup, admits that the fact that demand exceeded supply at the time of the issue was a pleasant surprise.
DelfinGroup bonds were offered in a closed offer to up to 150 investors, both private and institutional, with a minimum investment of 10,000 euros. The subscription for the issue started on September 23, 2020 and ended on September 30, 2020. The issue was carried out in cooperation with the issuing agent “Signet Bank”.
“Despite the unpredictable conditions in the Latvian and global economy, we expect a strong last quarter of 2020 with significant demand for our services. Attracted funding of 3.5 million euros will allow us to significantly increase competitiveness in the Latvian market,” says DelfinGroup Board Member and CEO Didzis Ādmīdiņš.
“The issue has made it possible to attract new investors, as well as ensure a balance between the sources of attracted financing between the bonds and the Mintos platform,” says Kristaps Bergmanis, CFO of DelfinGroup.
SIA “DelfinGroup” is a licensed consumer lending company, founded in 2009, and represents the brands “Banknote”, “Vizia” and “Rīgas pilsētas lombards”. The Group’s core services are pawnshop loans, consumer loans and senior loans. It operates in 38 Latvian cities and settlements, a total of 87 Banknote branches, and the company is also represented in the digital environment with remote service provision – in the field of consumer loans and online store. The company employs more than 270 people and in 2019 paid 2.97 million euros in taxes.
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