One of the fastest growing online consumer lending companies in Europe Sun Finance plans a new bond issue to refinance the existing unsecured notes (LV0000802692) maturing in November 2026 and to finance further geographic and product line expansion. The bonds will be issued through a private placement of up to EUR 50,000,000 and the following conditions:
| ISIN | LV0000106581 |
| Security Type | Unsecured (guaranteed) bonds |
| Issue Size | EUR 50,000,000 |
| Minimum Subscription | EUR 100,000 |
| Nominal Value per Bond | EUR 1,000 |
| Annual Coupon Rate | 10.00% |
| Coupon Payment Frequency | Monthly |
| Maturity Date | 28 February 2029 |
| Principal Repayment | At maturity |
| Exchange fee | 1.50% fee to existing investors who roll into the new bonds |
The subscription period for the private placement begins on September 15, 2025, which also marks the start of the two-week exchange period that concludes on September 26, 2025. The new bonds are expected to be admitted to trading on the alternative market First North within twelve months of the issue date.
This announcement does not constitute an offer or invitation to any person to subscribe for or to purchase bonds.
Notes issue and exchange offer have been arranged by Signet Bank AS.
About Sun Finance Group and Sun Finance Treasury Limited
Sun Finance Treasury Limited is subsidiary of Sun Finance Group, AS. Sun Finance is a financial technology company established in Riga, in 2017, by CEO Toms Jurjevs and co-founder Emīls Latkovskis. Sun Finance operates as an online consumer financing platform in nine countries across four continents, with headquarters in Riga, Latvia. Sun Finance has more than 28.0 million registered customers and employs more than 1,000 people, 180 of whom work at the headquarters in Riga. The company is led by a team of seasoned professionals with more than 15 years of experience in managing FinTech, financial and IT companies.