Home » Business » DelfinGroup issues bonds for five million euros

DelfinGroup issues bonds for five million euros

Non-Bank LenderDelfinGroup“Five million euros bonds will be issued on July 9, the company said in a statement to the stock exchange”Nasdaq Riga“.

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Unsecured bonds will have a nominal value of EUR 1,000 and an annual coupon rate of 9.75%. The maturity date of the bonds is August 25, 2023.

The bond issue will be a closed offer with a minimum investment of 100,000 euros.

The placement of the bonds is organized by Signet Bank.

DelfinGroup’s turnover in the first three months of 2021 reached 6.018 million euros, net profit was 0.804 million euros, and the loan portfolio – 32 million euros. EBITDA increased by 21% to 2.5 million euros, while profit before taxes reached 1.1 million euros, an increase of 6% compared to the first quarter of 2020.

Already reportedthat at the beginning of May the Kesenfeld family company SIA “ALI Investments” indirectly became the owner of SIA “L24 finance”, the largest shareholder of the non – bank creditor “DelfinGroup”.

According to DelfinGroup’s annual report, L24 finance owns 65.18% of DelfinGroup’s shares.

However, there have been no changes in the rest of DelfinGroup’s shareholder structure. The chairman of the company’s council and the company’s shareholder Agris Evertovskis controls the company through SIA “EC finance” and SIA “AE consulting”, as well as 3.5% of the company still belongs to the “DelfinGroup” management team – board members. On May 6, changes registered in the Register of Enterprises in the form of how Evertovskis exercises control over the company JSC “DelfinGroup”.

Evertovskis, the largest shareholder of DelfinGroup, the chairman of the council and the founder, continues to own 31.31% of the shares of DelfinGroup through EC finance and AE consulting. Changes in the shareholder structure do not affect the operations of DelfinGroup, nor does it change the control of the company and the real beneficiary, which continues to be Evertovskis. The board and council of DelfinGroup also remain unchanged.

It has already been reported that the audited turnover of the DelfinGroup group in 2020 increased by 9% compared to the previous year, reaching 23.7 million euros, at the same time the group’s profit increased by 11.4% and amounted to 3.9 million euros.

DelfinGroup was registered in 2009 and has a share capital of four million euros. Until the end of June 2012, the company worked under the name “Lombards24.lv”, but then changed its name to “ExpressCredit”. In turn, the company became “DelfinGroup” in early February 2020. The real beneficiary of DelfinGroup is Agris Evertovskis. DelfinGroup bonds quotedNasdaq Riga “in the alternative market” First North “.

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