AS DelfinGroup bond issue

About company

AS DelfinGroup is a licensed consumer lending company founded in 2009 that represents the brands Banknote, VIZIA and Riga City Pawnshop.

The company operates the biggest pawn shop network in Latvia with more than 90 branches in the 38 largest Latvian cities. This allows DelfinGroup to serve clients both in the offline and online environment.

The company’s core services are consumer loans, pawn broking loans (loans against pledge of movable property) and sale of pre-owned goods. Company is the largest pawn shop and 2nd largest non-bank consumer lender in Latvia.

DelfinGroup employs more than 350 people and its core management has remained unchanged since 2014.

DelfinGroup has completed seven bond issues in total amount of EUR 37m and has been listed on the Nasdaq Riga stock exchange regulated market since 2014. The company’s investor base includes both individual and institutional investors from Baltics and other countries.

DelfinGroup completed its initial public offering (IPO), and as a result raised more than EUR 8m. DelfinGroup shares are listed on Nasdaq Riga regulated market and currently the company’s market capitalization has reached EUR 61m.

Additional information: https://www.delfingroup.lv/reports

Term Sheet

Additional information