July 10 (Reuters) - MOGO FINANCE TECHNOLOGY INC SGCC.SG :
* ADDRESSES QUERIES ON FINANCIAL COVENANTS
* MOGO FINANCE AND REPRESENTATIVE OF INVESTORS IN EURO BONDS HAVE AGREED TO TEMPORARILY INCREASE POTENTIAL FINANCIAL COVENANTS HEADROOM, IN EXCHANGE OF A LIQUIDITY UNDERTAKING THAT WOULD ENSURE TIMELY PAYMENT OF INTERESTS
* NO COVENANT BREACH OF EURO BONDS HAS OCCURRED SO FAR AND ABOVE ACTIONS WERE A PRECAUTIONARY MEASURE OF OUR MANAGEMENT TO KEEP ALL OPTIONS OPEN FOR MOGO FINANCE DURING COVID-19 CRISIS.
* MAIN OBLIGATION OF MOGO FINANCE TOWARDS INVESTORS IS TO PAY INTERESTS AND CAPITAL ON BONDS, WHICH IS ACTUALLY SAFE AND HAS BECOME MORE CERTAIN WITH LIQUIDITY UNDERTAKING
* MOGO FINANCE WILL ORGANISE AN INVESTOR CALL FOR WEDNESDAY, 15 JULY 2020