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ISIN Update: Latvia’s SIA ExpressCredit Decreases Bond Nominal Value

November 24, 2014Bonds, Debt, International Securities Identification Numberjay

ISIN.net update courtesy of corporate news release by Riga-based SIA ExpressCredit,

Companies that wish to provide public notice of updates, changes or additions to securities using International Securities Identification Number (ISIN) issued by the company may do so courtesy of ISIN.net corporate services

Riga, 2014-11-24 09:05 CET — According to SIA ExpressCredit bond issue prospectus ISIN LV0000801280, as of 25/11/2014 nominal value of one security is going to be decreased by EUR 50. Total nominal value of bonds issue will be decreased for EUR 250 000. After settlement nominal value of one security (ISIN LV0000801280) will be EUR 800.

According to bond issues prospectus ISIN LV0000801280, 5 000 bonds were issued with an original nominal value of 1 000 euros. Yearly interest rate of the coupon is 14% with a 5 year term and gradual repayment of the nominal value.

SIA ExpressCredit is a licensed non-bank lending institution, which was founded in the 2009. SIA ExpressCredit operates 95 branches under the brand name Lombards24.lv in 38 largest Latvian cities and towns, offering loans against pledge of movable property (Lombard credits), loans without collateral, loan against vehicle collateral and mortgage loans. The Company has provided services to more than 200 thousand customers. The owners of SIA ExpressCredit are SIA Express Holdings (51%), SIA Ebility (24,5%) and SIA AE Consulting (24,5%).

Tags: ISIN corporate services, ISIN.net, SIA ExpressCredit

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