By Susanna Moon
Chicago, Dec. 18 – VIA SMS Group said it issued bonds €4 million 13% bonds due Aug. 25, 2016.
The company said it may issue another €12 million bonds by Aug. 18, 2016.
The issue was organized to finance the VIA SMS group companies, “intensifying lending to private individuals in all countries where the group is represented (as set forth in its strategy), as well as to refinance the group’s debt in the form of bonds and improve its cash flows and liquidity,” according to a company press release.
The company and its six subsidiaries are a group of companies, whose core business is issuing, administrating and collecting consumer loans.
The company is one of the non-bank lender based in Riga, Latvia.
| Issuer: | VIA SMS Group
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| Issue: | Bonds
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| Amount: | €4 million
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| Maturity: | Aug. 25, 2016
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| Coupon: | 13%
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| Announcement date: | Dec. 18
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