On 20 June 2023, the Board of Directors of the Company decided to issue for placement a private placement of ordinary non-convertible fixed rate mortgage-backed bonds with the following terms and conditions:
The currency of the issue – Euro.
The number of bonds – 200 units.
The nominal value of each bond – EUR 10 000 (ten thousand euro).
Total nominal amount of the issue – EUR 2 000 000 (two million euro).
The issue price per bond – EUR 10 000 (ten thousand euro).
The total issue price of the Bonds, including the interest payable on the Bonds and the fees for raising finance, shall not exceed 10 (ten) per cent per annum.
Annual interest on the Bonds shall be paid quarterly. If the interest payment date falls on a non-working day, the interest shall be paid on the next succeeding working day.
The issue of the Bonds shall be distributed in parts determined by the Chief Executive Officer of the Company.
The Company shall have the right to distribute less than all the Bonds subject to an appropriate order of a Chief Executive Officer of the Company.
The maturity date of the Bonds shall not be less than 18 (eighteen) months from the effective date of the Bonds as approved by the Chief Executive Officer of the Company.
The maturity date of the Bonds shall be the maturity date of the Bonds approved by the Chief Executive Officer of the Company.
The Company shall use the investments raised by this Bond Issue for working capital purposes.
Chief Executive Officer
Evaldas Remeikis
Email: evaldas.remeikis@neofinance.com