The value of the first tranche of the issued bond offering is EUR 750,000. It was subscribed by 5 private investors through a private placement. The bonds bear an annual interest rate of 8.25%, paid quarterly. The nominal value of a single bond is EUR 10,000. This issue was placed for a 3-year term, with the bond maturity date set for 23 June 2028.
The Company will pledge an asset pool, i.e., claims to receivables arising from funds lent to third parties under consumer credit and loan agreements concluded between the Company and third parties, with a total value of no less than 125% (one hundred twenty-five percent) of the nominal value of the issued bonds.
The raised investments will be used to refinance the bonds maturing on 23 June 2025 and to further develop all business lines managed by NEO Finance, AB, with the aim of achieving greater sales volume growth.
Head of Administration
Evaldas Remeikis