Sun Finance Treasury Limited (the “Company”) announces the full early redemption of its bonds (ISIN LV0000802692) listed on Nasdaq Riga First North. As of the date of the announcement, the outstanding balance of the bond issue is EUR 21 673 000. The bonds, originally scheduled to mature on 30 November 2026, will be redeemed ahead of schedule as part of the Company’s strategy to reduce its overall cost of funding.
In accordance with the Terms of Issue, the Company has exercised its right to redeem the bonds in full on 30 November 2025 at 102% of their nominal value. This early redemption reflects the Company’s strong financial position and continued commitment to optimizing its capital structure.
The Company greatly values the trust of its existing investors. Therefore, from 29 October until 14 November 2025, existing investors holding at least EUR 100,000 of LV0000802692 bonds will have the opportunity to participate in an exchange offer, exchanging their existing bonds for new bonds (ISIN LV0000106581), with a fixed 10% coupon rate and maturity on 28 February 2029.
Existing investors who participate in the exchange offer will receive an exchange premium of 1.50%, as well as the difference in accrued interest of both bonds for the period from the last coupon payment date up to the exchange offer settlement date, which is 19 November 2025. The exchange premium and the accrued interest will be paid to the investors together with the first coupon payment on the new bonds.
Key terms of the exchange offer:
| Start of exchange period | 29 October 2025 |
| End of exchange period | 14 November 2025 |
| Exchange offer settlement date | 19 November 2025 |
| Investors eligible to participate in the exchange offer | LV0000802692 bondholders with a minimum holding of EUR 100,000 |
| Exchange ratio | 1:1 |
| ISIN code of the new bonds | LV0000106581 |
| Security type | Unsecured (guaranteed bonds) |
| Minimum subscription | EUR 100,000 |
| Nominal value per bond | EUR 1,000 |
| Coupon rate | 10.00% |
| Coupon frequency | Monthly |
| Maturity date | 28 February 2029 |
| Exchange premium | 1.50% |
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.