Latvian fintech company DelfinGroup on Monday, 3 July, starts listing 10 million euros bonds on Nasdaq First North alternative market of Nasdaq Riga. The company completed the issue of bonds with a floating interest rate of 8.75% and 3M EURIBOR. The par value of one bond is 1000 euros, with a maturity date of 25 September 2024.

"Although the past year in the capital markets has been challenging, affecting overall investor sentiment, we are pleased with the loyalty of DelfinGroup investors. Recognising the company's high growth potential even in volatile market conditions, investors choose to invest in DelfinGroup bonds. Investor contribution allows us to invest in developing existing and new services, including implementing innovative solutions, which is one of the company's strategic goals. Overall, this is the eighth bond issuance since 2013, and during this period, we have raised 47 million euros through bonds, promoting the long-term growth of the company. Furthermore, this will be the sixth bond issue to be listed on Nasdaq Riga," explains Aldis Umblejs, CFO and Member of the Management Board of DelfinGroup.

A. Umblejs adds that with the new bond listing, investors can now access two DelfinGroup bond issues on the First North alternative market.

"We are delighted for every Latvian company that can and knows how to take advantage of the benefits offered by the stock exchange. Even greater joy is felt for those entrepreneurs who are able to attract funding repeatedly on the exchange. We congratulate DelfinGroup on including their recurring bonds in the Nasdaq First North market!" expressed Daiga Auziņa-Melalksne, Chairman of the Board of Nasdaq Riga, with delight.

Signet Bank organised the issue of DelfinGroup bonds. 

"DelfinGroup bond offerings always have very healthy demand from institutional investors, and this issue was no exception, with 40% of total issue subscribed by institutional accounts. The floating interest rate makes bonds attractive even in the context of increasing central bank rates, which investors have positively assessed. We congratulate DelfinGroup on another successful capital market project and look forward to active trading in the secondary market! " comments Edmunds Antufjevs, Managing Director of Investment Banking at Signet Bank AS.

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About AS DelfinGroup

DelfinGroup is a licenced fintech company established in 2009 and operates under the brand names Banknote and VIZIA. The company has been profitable every year since 2010. DelfinGroup continuously develops and offers consumer and pawn loans, loans developed for senior citizens, Buy now pay later loans (BNPL loans), and the sale of pre-owned goods online and at more than 90 branches across Latvia. Since 2014, DelfinGroup has been known on the Nasdaq Riga Stock Exchange as a bond issuer and, since 2021, as a listed company on the Baltic Main List. The company regularly pays dividends to its shareholders. The sustainability of DelfinGroup is based on focused corporate governance, fintech innovation, responsible lending, financial inclusion, and facilitating the circular economy. The company has been awarded the gold category in Sustainability Index 2023 of the Institute for Corporate Sustainability and Responsibility.

         For further information, please contact:
         Aldis Umblejs,
         DelfinGroup Chief Financial Officer
         Phone: +371 26189988
         E-mail: IR@delfingroup.lv