On 25 August 2023, DelfinGroup redeemed LV0000850048 notes. The notes were issued in 2021 with an initial value of EUR 5 million and a fixed coupon rate of 9.75%.

To refinance the existing bonds, DelfinGroup issued new LV0000802718 notes with an annual coupon rate of 9.00% + 3M EURIBOR, a maturity date of 25 February 2026, a nominal value of one note of EUR 1,000 and a minimum investment amount of EUR 100,000.

From 4 August to 21 August 2023, the DelfinGroup LV0000850048 notes exchange offer took place, within the framework of which the existing LV0000850048 noteholders could exchange them for the new LV0000802718 notes receiving a fee of 1%. Thus, the existing and new bond investors subscribed to the new LV0000802718 notes, for more than twice the amount of notes to be redeemed. Additional raised funds will be directed to further business development and to refinance other liabilities.

Exchange offer and new notes issue were arranged by Signet Bank AS.

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About 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.

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