Modus Group has distributed the entire EUR 8 million bond issue
Modus Group, a group of companies managing renewable energy, mobility services, car trade and other businesses, has distributed the entire bond issue in the first stage. In three weeks, the group attracted EUR 8 million from investors for 5% annual interest. Although the bond distribution was planned in two stages, and the first three-week stage was aimed at raising EUR 5 million, the company received a lot of interest from investors and during the first stage distributed the entire EUR 8 million three-year bond issue.
Sustainable investments are the foundation of the growth of Modus Group’s business
Economist Umair Haque, when talking about the value created by a business, identifies two types of this value - thin and thick. The thin value is one that is created without regard to the needs of society, and sometimes even by sacrificing them. However, the development of the world and its future, according to the economist, depends on the thick value. By creating it, business not only generates profits, but also improves the living conditions of people, help solve ecological problems, and ensure sustainable growth of economy. Precisely this path was chosen many years ago by Modus Group, one of the largest international group of companies in Lithuania, which consistently increases the volume of green investments.
Modus Group launches a new bond issue
Modus Group, a group of companies managing renewable energy, mobility services, car trade and other businesses, is launching a second public bond issue today, which is expected to raise up to 8 million euros. These funds will be used to refinance an issue of 5 million euros issued 3 years ago as well as be invested in renewable energy projects and the development of a sustainable mobility business.