Sun Finance is listing the bond issue of EUR 50 million on the Nasdaq First North market
The size of the Sun Finance bond issue is EUR 50 million. The bonds have a face value of 1,000 euros and a floating annual coupon rate of 11% + 3M EURIBOR, with interest paid monthly. The bonds mature on 30 September 2025. The bonds have been admitted to trading on the Nasdaq First North market from and including 6 April 2023.
“Globally, this has been a challenging year for everyone, so we are pleased that we have managed to maintain rapid growth and continue to show strong financial results. This has largely been possible due to the expansion of our product range and expansion into new markets, which we were able to achieve by issuing bonds worth 50 million euros, which is a significant amount for our region. We appreciate that investors continue to show confidence in our chosen business strategy, and we are pleased that the listing of our bonds on the First North alternative market gives more and more investors the opportunity to become part of our success story. says Toms Jurjevs, founder and CEO of Sun Finance.
Sun Finance has completed five bond issues in total, three of which have already been fully redeemed, and this is the third time the company’s bonds have been listed on the First North alternative market to Nasdaq Riga.
“We are pleased that Sun Finance has repeatedly – for the third time – chosen to list bonds on the First North market to continue to implement growth objectives”, says Daiga Auziņa-Melalksne, CEO of Nasdaq Riga. “We welcome and are happy for a company that knows how to take advantage of the stock exchange and continues to gain confidence and interest from the investor community.”
The issuance of Sun Finance bonds and their listing on the stock exchange was carried out in cooperation with the capital markets team of Signet Bank, which advises Baltic companies on debt and equity structuring and capital raising.
“We are pleased that the bond financing has given Sun Finance the opportunity to implement its growth plans and successfully develop its business on an international scale. Local investors were mainly involved in this bond issue. This shows the increasing activity of Baltic investors and can serve as a encouragement to other Baltic companies that the local market can be a good source of financing.” says Kristiāna Janvare, head of “Signet Bank“The investment department.
First North is a multilateral trade facility (MTF) tailored to support growing ambitious companies looking to raise capital and gain the visibility and credibility of being a public company.
