Non-bank Financing Firm Capitalia, ISIN LV0000801488 Issues New Secured Bonds

Riga, 2016-11-08 10:16 CET (GLOBE NEWSWIRE) – Capitalia, the non-bank financing platform aimed at small businesses in Eastern Europe countries Latvia, Lithuania and Estonia, has made decision to start new secured bond emission with the subscription period until November 30, 2016. The closed bond emission will be for the total amount of EUR 500,000 with nominal value of each bond set at EUR 1,000 and maturity October 25, 2019. Bonds are secured with pledge on all assets of JSC Capitalia and will offer to investors 6% coupon rate, paid quarterly. Bonds are issued to diversify financing sources of the company as well as to accelerate lending to small and medium sized businesses. In addition, Capitalia plans to increase the security of publicly listed bonds with ISIN code LV0000801488 by registering a secondary asset pledge for the benefit of the bondholders.

Capitalia is a non-banking financial institution that offers modern and simple financing to businesses based in Latvia, Lithuania or Estonia. Our loan products provide companies an accessible and simple alternative to bank lending. Since foundation in 2007 the company has provided working capital, restructuring and investment financing to more than 1000 enterprises.

“We regularly introduce in the market new and innovative financing products and we are especially proud of our POS credit and Invoice purchasing tools.” To date Capitalia has financed working capital and investment needs of more than 1000 companies investing over EUR 20 million in growth of these businesses.

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During the year 2015 Capitalia has issued over 3 million of loans to small and medium sized businesses in the Baltic States. The financing offered by the company was used by 237 companies. Average issued loan amount to one company was EUR 9 000 while average term was 12 months. Most business loans were issued to companies in retail and manufacturing industries. Notably, most of the clients have been companies from the regions.

In February 2016, the company announced a strategic alliance with marketplace platform Mintos, which will offer to its investors an opportunity to invest in AS Capitalia loans that are backed by issued but yet unpaid invoices. This enables to invest in invoices that small and medium sized companies have issued to largest enterprises in the Baltic States.