NEWS
A selection of important Mogo milestones and releases.
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Mogo issues bonds in the amount of 30 million euros
On March 1, 2021, AS “mogo” issued bonds in the amount of EUR 30 million, thus, successfully completing the largest bond issue in recent years by a private company on Nasdaq Riga Stock Exchange. With an annual coupon rate of 11%, 3-year maturity and minimum subscription amount of EUR 1’000, the bonds were offered […]
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Mogo Finance successfully places EUR 25 million tap on existing 9.50% corporate bond 2018/2022
Riga, Latvia, 7 November 2019. Mogo Finance and its group companies (the “Group”), specialized in used car financing, is pleased to announce the successful placement of a EUR 25 million tap issue of its 9.50% corporate bond 2018/2022 (XS1831877755) at 95% plus accrued interest. Settlement is expected to take place on 13 November 2019. The […]
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Mogo Finance opens books for tap issue of existing 9.50% corporate bond 2018/2022
Riga, Latvia, 6 November 2019. Mogo Finance and its group companies (the “Group”), specialized in used car financing, announces the start of the subscription period for the increase of its 9.50% corporate bonds 2018/2022 (XS1831877755) by way of a tap issue. Settlement of the tap issue is expected to take place in mid-November 2019. The […]
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AS "mogo" external auditor change
With this AS „mogo” informs about the change of external auditor starting from 29th of October 2019. The previous external auditor SIA “Ernst & Young Baltic” is replaced by AS “KPMG Baltics”. About AS “mogo” AS “mogo” offers classical finance lease, lends against vehicles already owned by clients (a type of service known as leaseback) and instalment […]
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Mogo Finance shareholders commit to inject EUR 10M of additional capital
Riga, Latvia, 17 October 2019. Mogo Finance S.A., a specialist in secured used car financing, announces that it has signed a binding commitment with its current shareholders to provide up to ten million Euro (EUR 10,000,000) of additional capital. Two million Euro (EUR 2,000,000) already have been injected and the company intends to draw down […]
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Mogo Finance conducts European investor roadshow EUR bond tap issue may follow
Riga, Latvia, 3 October 2019. Mogo Finance S.A. and its group companies (the “Group”), specialized in used car financing, will conduct a series of investor meetings throughout Europe in connection with a potential tap issue of the EUR 75 million 9.5% Senior Secured Bonds 2018/2022 (XS1831877755). The Group has appointed Stifel Nicolaus Europe Limited as […]
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Mogo Group adds loans for investment from its 10th country on Mintos – Belarus!
Mogo Group, one of the largest used-car financing companies in Europe, has expanded its presence on Mintos once again by adding car loans from Belarus. With this development, Mogo Group now offers investment opportunities from 10 different countries on the marketplace. Mogo Group was founded in 2012 in Latvia and joined the Mintos marketplace in […]
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Solid six month results cannot be unnoticed. Latest interview with Mogo Finance management
Here is the latest interview with Mogo Finance CEO Modestas Sudnius, CFO Maris Kreics, CFA, FCCA about recent results and future plans on one of the most influential finance portals in Germany – BONDBOOK (article is in German language). Full article: https://bit.ly/2lFJWrA For more information, please contact: Simonas Jurgionis, Investor Relations Manager
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AS “mogo” interim condensed financial information for the 6 month period ended 30 June 2019
Net profit of the AS “mogo” Group amounted to 3.1 million euro which is significant increase from the 410 thousand euro in first 6 months of 2018 Significant financial results improvement was reached because of successful update of customer evaluation policy, what helped to decrease impairment for doubtful debtors. The Group has also reviewed its […]
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Mogo Finance reports unaudited results for the six month ended 30 June 2019
Investments in growth pay off as profitability OPERATIONAL AND STRATEGIC HIGHLIGHTS Group loans issued increased strongly by 30.3% equaling EUR 83.4 million (6M 2018: EUR 64.0 million), of which EUR 48.8 million in mature markets (6M 2018: EUR 48.3 million) Consolidated number of active customers up significantly by approx. 53.8% to over 100,000 (31 December 2018: approx. 65,000) Mid-tier countries Moldova and Romania, as well as […]
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Changes in AS “mogo” Board of Directors
AS “mogo” informs that as of August 13, 2019, Juris Pārups current Chairman of the Board of AS “mogo” has stepped down from his position. Considering the above, the AS “mogo” Board of Directors currently consists of one member – AS “mogo” CEO Krišjānis Znotiņš. About AS “mogo” AS “mogo” offers classical finance lease, lends […]