Mogo Finance conducts European investor roadshow

EUR bond tap offering may follow

Riga, Latvia, 15 October 2018. Mogo Finance S.A. and its group companies (the “Group”), specialized in used car financing, will conduct a series of investor meetings throughout Europe. KNG Securities LLP (UK), ABG Sundal Collier AB (Sweden), Bankhaus Scheich Wertpapierspezialist AG (Germany), BlueOrange Bank AS (Latvia) and Gottex Brokers SA (Switzerland) have been appointed to arrange the roadshow. The pan-European roadshow begins on 18 October 2018 and will take up to two weeks. A EUR bond tap offering of the successfully issued 4-year corporate bond (XS1831877755) may follow, subject to market conditions. The initial issue with an annual interest rate of 9.50% was listed on the Open Market of the Frankfurt Stock Exchange on 11 July 2018 and was significantly oversubscribed.

Edgars Egle, CEO of the Group, commented:

“Capital markets have acknowledged our strategy and secured lending potential indicated by oversubscription to our initial bond issuance. The proceeds already contribute significantly to optimizing financing costs in the second half-year of 2018 with further improvements expected for 2019 and after. Hence, it is in the best interest of Mogo Finance and its investors to continuously explore opportunities to optimize our financing structures further.”

Publication of 9-month figures on 18 October 2018

With the end of the 9-month period 2018, Mogo Finance will start quarterly financial reporting on the basis of IFRS-figures. The quarterly financial statements for the period from 1 January to 30 September 2018 will be published on 18 October 2018.

Earnings call on 23 October 2018

A conference call in English with the Group’s management team to discuss these results is scheduled for 23 October 2018, at 16:00 CEST. Registration details will be announced with the publication of the report.

For more information, please contact:


Mogo Finance (CFO)
Maris Kreics
    +371 66 900 900
Aalto Capital, Sven Pauly
    +49 89 89867770


Notes to Editors:

Mogo Finance is one of largest and fastest growing secured used car financing companies in Europe. Recognizing the niche in used car financing underserved by traditional lenders, Mogo Finance has expanded its operations to 12 countries issuing over EUR 320 million up to date and running a net loan portfolio over EUR 130 million. Mogo offers secured loans up to EUR 15,000 with maximum tenor of 84 months making used car financing process convenient, both for its customers and partners. Wide geographical presence makes Mogo unique over its rivals and diversifies revenue streams.

Mogo Finance operates through its own branch network, more than 1,500 partner locations and strong online presence. Physical footprint makes Mogo Finance top of mind brand in used car financing. Established in 2012, headquartered in Riga, Latvia and operates in: Latvia, Estonia, Lithuania, Georgia, Poland, Romania, Bulgaria, Moldova, Albania, Belarus, Armenia and Ukraine.



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