SIA “VIA SMS Group”, one of Eastern Europe's leading non-bank lenders, will issue additional bonds for a total of EUR 1.3 mio.

On 26 January 2015 a total of 1,300 bonds with an initial nominal value of EUR 1,000 will be issued. The coupon rate is 13% per annum over a 2-year term with repayment of the principal as a lump sum on maturity date - 25 August 2016. In accordance with the issue prospectus, SIA “VIA SMS Group” may issue additional 10,700 bonds (total nominal value of EUR 10,700,000) by 18 August 2016. The bonds were assigned securities identification number (ISIN) LV0000801496 and the issue prospectus was registered by the FCMC on 10 December 2014.

Additionally issued 1,300 bonds will be listed on the Nasdaq Baltic Bond List by “Nasdaq Riga” together with already listed SIA “VIA SMS Group” bonds, where they are available for free trading.

According to company management, the issue was organized in order to finance SIA “VIA SMS Group” companies, intensifying lending to private individuals in all countries where the group is represented (as set forth in its strategy), as well as to refinance the group’s debt in the form of bonds and improve its cash flows and liquidity. Another advantage of the issue is increased recognition on the regulated capital market and among institutional investors.

According to audited financial statements for the first half of 2014, the consolidated turnover of SIA “VIA SMS Group” (including its subsidiaries in Latvia, Lithuania, Poland, Czech Republic and Sweden) reached EUR 6.4 million, with a corresponding net profit of EUR 1.009 million.

SIA “VIA SMS Group” is the second largest online lender in Eastern Europe, providing loans without collateral to individuals since year 2009. It operates under the brands VIA SMS, VIA CREDIT and VIA CONTO, and offers loans for up to 12 months in Latvia, Lithuania, Czech Republic, Poland, and Sweden. VIA SMS Group has more than 600 000 registered clients and loans issued annually total EUR 45 million.

Contact details:
Ģirts Kurmis

SIA “VIA SMS group” CFO
Phone: +371 67212412
E-mail: girts.kurmis@viasmsgroup.com