Eleving Group subordinated bonds have been included on the Nasdaq Baltic First North Market
Eleving Group bonds have been admitted to trading on the Nasdaq Baltic First North Market by Nasdaq Riga as of today, March 7.
The size of the Eleving Group bond issue is EUR 25 million. The bonds have a nominal value of EUR 1000 each and a floating annual coupon rate of 12% + 6 month EURIBOR, with interest paid monthly. They mature on December 29, 2031. The bonds were offered to investors in the form of a private placement. The proceeds will be used to refinance existing shareholder loans and for further business growth.
“Eleving Group achieved record financial results last year, and this year we plan to continue steady growth while further developing our mobility and financing platform, introducing new products and continuously investing in digitalization. We started 2022 by passing the milestone of 1 billion euros of loans issued since the start of operations, and we are proud to continue our success story with the admission of Eleving Group bonds to the Nasdaq Baltic First North Market. This means more opportunities for new investors as the group continues on to further growth,” says Modestas Sudnius, CEO of Eleving Group.
Signet Bank serves as the Certified Adviser for Eleving Group on the Nasdaq Baltic First North market. First North is a multilateral trading facility (MTF) tailored to support growing ambitious companies that want to raise capital and get the visibility and credibility of being a public company.
Group Chief Financial Officer