By Rebecca Melvin
New York, June 25 – Mogo Finance SA and its group companies priced €50 million of notes due 2022 at par to yield 9½%, according to an announcement on Monday.
KNG Securities LLP was lead manager while Bankhaus Scheich Wertpapierspezialist AG in Germany and RP Martin Stockholm AB in Sweden were co-managers for the Regulation S deal.
The notes will be listed on the Open 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
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| Amount: | €50 million
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| Maturity: | July 11, 2022
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| Description: | Bond
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| Bookrunners: | KNG Securities LLP
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| Co-managers: | Bankhaus Scheich Wertpapierspezialist AG and RP Martin Stockholm AB
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| Coupon: | 9½%
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| Price: | Par
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| Yield: | 9½%
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| Trade date: | June 25
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| Settlement: | July 11
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| Distribution: | Regulation S
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