Riga, 2014-04-28 12:33 CEST (GLOBE NEWSWIRE) -- SIA ExpressCredit issues additional 150 bonds with settlement date 28/04/2014, according to bond issue prospectus ISIN LV0000801322.
After issue Baltic bond list of the Exchange ''NASDAQ OMX Riga" will include 2550 company’s bonds at par EUR 1000 per total amount EUR 2 550 000. According to the regulations of the Issue SIA ExpressCredit shall be entitled to issue bonds for the total par value EUR 3 500 000 up to 5 December 2014 for the price at 100% of the par value together with the saved coupon up to the particular settlement day. Annual coupon interest rate is 15%.
SIA ExpressCredit is a licensed non-bank lending institution, which was founded in the 2009. SIA ExpressCredit operates 95 branches under the brand name Lombards24.lv in 38 largest Latvian cities and towns, offering loans against pledge of movable property (Lombard credits), loans without collateral, loan against vehicle collateral and mortgage loans. The Company has provided services to more than 200 thousand customers. The owners of SIA ExpressCredit are SIA Express Holdings (51%), SIA Ebility (24,5%) and SIA AE Consulting (24,5%).
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