GIVEN bond Issue

About Company

Established in 2018 GIVEN is one of the largest and fastest growing jewelry retailers in Baltics with presence in top shopping centers and over 100 employees.

The Group offers wide assortment of high-quality jewelry at affordable prices and unique private brands and has a well-developed e-commerce platform.

The founder and largest shareholder of GIVEN Ainārs Spriņģis is a successful Latvian entrepreneur with 20 years of experience in jewelry industry (as the founder of Grenardi and retail.

The Group has a strong equity base, with Capitalization ratio of 62% (as of 6M 2021), demonstrating shareholder support in the Group’s strategy

Term Sheet

Issuer

AS GIVEN Jewellery

Sector

Jewelry retail

Type

Private placement

Security type

Senior secured bonds

Planned issue size

EUR 2 500 000

Coupon rate

Term

30.04.2024

Call option

@101% after 1st year,
@100% last 3 months before maturity

Nominal value

EUR 1 000

Minimum subscription

EUR 100 000

Use of proceeds

• Refinancing of existing liabilities
• Working capital investments

Covenants

• Interest coverage ratio at least 1.25x
• Capitalization ratio at least 15%

Listing

Planned listing on Nasdaq First North within 12 months from issue date

Arranger

Signet Bank AS

Additional information

GIVEN presentation

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GIVEN bond issue

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Where to invest?