By Rebecca Melvin
New York, Nov. 9 – Mogo Finance SA and its group companies priced a €25 million tap of its 9½% notes due 2022 at par, bringing the total deal size to €75 million, according to an announcement on Friday.
KNG Securities LLP, ABG Sundal Collier AB, Bankhaus Scheich Wertpapierspezialist AG, BlueOrange Bank AS, Gottex Brokers SA and STX Fixed Income BV were bookrunners of the Regulation S transaction. Aalto Capital acted as financial adviser and global coordinator to the group.
Settlement is expected on Nov. 16, at which time the bonds will be listed subject to final approval on the regulated market of the Frankfurt Stock Exchange.
Mogo Finance is a subsidiary of AS Mogo and is a non-bank provider of used-car finance operating in Lithuania, Latvia, Estonia and Georgia.
| Issuer: | Mogo Finance SA
|
| Amount: | €25 million
|
| Maturity: | July 11, 2022
|
| Description: | Bond
|
| Bookrunners: | KNG Securities LLP, ABG Sundal Collier AB, Bankhaus Scheich Wertpapierspezialist AG, BlueOrange Bank AS, Gottex Brokers SA and STX Fixed Income BV
|
| Coupon: | 9½%
|
| Price: | Par
|
| Yield: | 9½%
|
| Trade date: | Nov. 9
|
| Settlement date: | Nov. 16
|
| Distribution: | Regulation S
|
| Total deal size: | €75 million
|
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