NEO Finance bought out 400K EUR bond issue
NEO Finance is pleased to announce that the Company has successfully redeemed 400K EUR bond issue released on July 2, 2018.
The company succeeded to refinance on July 2, 2018, released bond issue on favorable terms, avoiding higher interest rates. To redeem the bond issue NEO Finance used a part of under the loan agreement borrowed 180K EUR on June 4, 2021, paying 7% annual interest, as well, the Company used the 250K EUR investments attracted by bond issue on June 25, 2021 with 7.5% annual interest.
Following the successful implementation of the objectives, NEO Finance plans to redeem two more bond issues in the Q4 of this year: 300K EUR issued on October 2, 2018 and the 400K EUR issued on November 23, 2018. The Company also plans to attract investments by issuing new bonds or concluding loan agreements.
Head of Adminstration
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