Debitum adds new originator
Debitum Investments has added Juno Finance as a new loan originator on the platform.
From today (17 April) investors on the Debitum Investments platform can access a range of notes issued by Juno Finance.
Investment terms range between six and 24 months, with interest rates of between 13.5 per cent and 15 per cent per annum.
Founded in 2023, Juno Finance is a subsidiary of the joint stock company Juno.
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Juno has been focused on developing Latvia’s forestry and agriculture industries since 2016. Its mission is to enhance the long-term value of forest assets in Latvia by delivering consultation and services.
“We believe that our collaboration with Juno Finance not only broadens the scope of investment opportunities on our platform but also aligns with our vision of supporting sustainable business practices that contribute to economic growth,” Debitum wrote in a blog post announcing the new originator.
In 2023, Juno Estate, another subsidiary of Juno, inked an agreement with Baltic private equity management firm Invalda.
Mundus Bridge Finance, a private debt fund of INVL, signed a €7m bond program with Juno Estate. This program supports Juno Estate’s strategic initiatives to acquire and expand forest and agricultural land, extending its operations internationally.
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The bond program, which will be executed in tranches, saw Mundus Bridge Finance acquiring €2m worth of bonds at the agreement signing, with plans to purchase the remaining bonds later.
Juno Finance operates as a non-bank lending institution that provides financing to small and medium-sized enterprises in Latvia, particularly those in the forestry and agriculture sectors. Investments are secured by commercial pledges, mortgages, and other forms of collateral, enhancing the safety of your investments.
Debitum said Juno’s integration with its subsidiaries enables Juno Finance to manage and process loans efficiently, maintaining profitability even with smaller portfolio volumes.
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