News

Eleving Group has concluded the public bond offering of its senior secured and guaranteed bonds (ISIN DE000A3LL7M4). As a result of the bond tap, the company issues additional new bonds worth EUR 40 mln in nominal, which will be mainly used to fuel the future growth of the business and partially refinance existing liabilities.

Eleving Group invites investors, analysts, media representatives, and other stakeholders to the Investor call with the Management Board on 3 March 2025, 15:00 CET, following the launch of the Bond Tap Offering subscription period.

Eleving Group, a Baltic-headquartered global multi-brand fintech company, has reached two billion euros issued in loans since its inception in 2012.

Eleving Group has launched a public offering by tapping its existing senior secured and guaranteed 2023/2028 Eurobonds with ISIN (DE000A3LL7M4) by up to EUR 50 mln. This issuance will bring the outstanding amount of the existing bonds, currently listed on the Nasdaq Riga and Frankfurt Stock Exchange, to a maximum of EUR 100 mln. Investors in Latvia, Estonia, Lithuania, and Germany can subscribe to the bonds through their custodian banks from February 19 until March 7.

Eleving Group has announced its unaudited financial results for 2024, reporting a net profit of EUR 29.6 mln. In line with its 50% dividend payout policy, the company estimates EUR 14-15 mln in dividends for the full year 2024.