TERMS & CONDITIONS
Issuer | AS “mogo” (Latvia) |
Security type | Bonds with Group guarantee |
Guarantors | Mogo Finance S.A guarantee |
Issue size | EUR 30 000 000 |
Coupon rate | 11% |
Coupon frequency | Monthly |
Rollover premium | 2% for current bondholders |
Premium for new bondholders | 0.5% for order size between EUR 25 000 and EUR 99 000 1% for order size between EUR 100 000 and EUR 200 000 2% for order size above EUR 200 000 |
Term | 3 years (bullet) |
Call Option | @101% every month |
Nominal value | EUR 1 000 |
Listing | Nasdaq Baltic regulated market |
Use of proceeds | Refinancing |
Covenants | Consolidated Group basis: • Interest coverage ratio at least 1.25x • Capitalization ratio at least 15% (starting September 30, 2021) |
Arranger | Signet Bank AS |