DGAP-News: Mogo Finance S.A.
/ Key word(s): Bond/Bond
Mogo Finance successfully places EUR 25 million tap on existing 9.50% corporate bond 2018/2022
Riga, Latvia, 7 November 2019. Mogo Finance and its group companies (the "Group"), specialized in used car financing, is pleased to announce the successful placement of a EUR 25 million tap issue of its 9.50% corporate bond 2018/2022 (XS1831877755) at 95% plus accrued interest. Settlement is expected to take place on 13 November 2019. The bonds will be listed on the regulated market of the Frankfurt Stock Exchange shortly after settlement, subject to final approval of the prospectus by the CSSF in Luxembourg.
After the tap issue is completed, the total amount outstanding of Mogo Finance's 9.50% corporate bonds 2018/2022 (XS1831877755) will amount to EUR 100 million.
Stifel Nicolaus Europe Limited acted as Lead Manager and Sole Bookrunner, and BlueOrange Bank AS (Latvia) and Gottex Brokers SA (Switzerland) as Selling Agents. Aalto Capital (Germany) acted as Financial Advisor to the Group.
Simonas Jurgionis, Investor relations manager
Mogo Finance operates through its own branch network, more than 1,800 partner locations and strong online presence. Physical footprint makes Mogo Finance top of mind brand in used car financing. Established in 2012, headquartered in Riga, Latvia Mogo Finance operates in: Latvia, Estonia, Lithuania, Georgia, Poland, Romania, Bulgaria, Moldova, Albania, Belarus, Armenia, Uzbekistan, Kazakhstan and North Macedonia. www.mogofinance.com
This announcement does not constitute an offer of securities for sale in the United States. The bonds have not been and will not be registered under the Securities Act or under the applicable securities laws of any state of the United States and may not be offered or sold, directly or indirectly, within the United States or to, or for the account or benefit of, U.S. persons except pursuant to an applicable exemption from, or in a transaction not subject to, the registration requirements of the Securities Act.
This announcement constitutes advertising material and is meant as preliminary information about an upcoming security offering by the Issuer for sounding general investor interest. This document in particular does not constitute a prospectus for the purposes of Directive 2003/71/EC, as amended (the "Prospectus Directive") and does not constitute a public offer of securities in any member state of the European Economic Area (the "EEA").
This announcement does not constitute an offer of bonds to the public in the United Kingdom. No prospectus has been or will be approved in the United Kingdom in respect of the bonds. Accordingly, this announcement is not being distributed to, and must not be passed on to, the general public in the United Kingdom. The communication of this announcement as a financial promotion may only be distributed to and is only directed at (i) persons who are outside the United Kingdom or (ii) investment professionals falling within Article 19(5) of the Financial Services and Markets Act 2000 (Financial Promotion) Order 2005 (the "Order") or (iii) high net worth companies, and other persons to whom it may lawfully be communicated, falling within Article 49(2)(a) to (d) of the Order (all such persons in (i), (ii) and (iii) above together being referred to as "Relevant Persons"). Any invitation, offer or agreement to subscribe, purchase or otherwise acquire such securities will be engaged in only with, Relevant Persons. Any person who is not a Relevant Person should not act or rely on this announcement or any of its contents.
PROFESSIONAL INVESTORS ONLY - Manufacturer target market (MIFID II product governance) is eligible counterparties and professional clients only (all distribution channels). No PRIIPs key information document (KID) has been prepared as the bonds do not constitute packaged products and will be offered to eligible counterparties and professional clients only.
07.11.2019 Dissemination of a Corporate News, transmitted by DGAP - a service of EQS Group AG.
|Company:||Mogo Finance S.A.|
|8-10 avenue de la Gare|
|Listed:||Regulated Market in Frankfurt (General Standard)|
|EQS News ID:||907869|
|End of News||DGAP News Service|