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SIA ExpressCredit decreases bond nominal value by EUR 437 500
According to SIA ExpressCredit bond issue prospectus of ISIN LV0000801322, as of 27/12/2019 the nominal value of one security is going to be decreased by EUR 125. The total nominal value of the bonds issue will be decreased by EUR 437 500. After settlement, the nominal value of one security (ISIN LV0000801322) will be EUR 500.
According to the bond issue prospectus of ISIN LV0000801322, 3 500 bonds were issued with the original nominal value of 1 000 euros. Yearly interest rate of the coupon is 15% with a 7-year term and gradual repayment of the nominal value as of the 5th year.
SIA ExpressCredit is a licensed consumer lending company founded in 2009. The Group is represented by the brands "Banknote", "VIZIA" and "Riga City Pawnshop". The Group's core services are consumer loans, distance loans, pawn broking loans and money transfers in partnership with Western Union. In total, the Group operates in 39 Latvian cities and populated areas, a total of 89 branches, employs more than 270 professionals and has paid 2.7 million euros in taxes for the year 2018. SIA ExpressCredit is a member of LAFPA and LTRK and has qualified for Gold level status of SRS cooperation program.
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