News
Eleving Group to conduct fixed-income meetings – bond offering may follow
Launch of Conditional Call of the outstanding EUR 100 million 9.5% 2022 Bonds Bond offering Eleving Group (“the Issuer”, formerly known as Mogo Finance), a Latvian head-quartered leading provider of financial solutions in Central Europe, CIS & East Africa, rated B- (stable) by Fitch Ratings has mandated Oppenheimer & Co. Inc. as sole bookrunner and…
Fitch Rates Eleving’s Proposed Senior Secured Bonds ‘B-(EXP)’/’RR4’
Fitch Ratings has assigned Eleving Group S.A.’s (Eleving; formerly Mogo Finance S.A.) proposed bonds an expected senior secured debt rating of ‘B-(EXP)’ with a Recovery Rating of ‘RR4’. Eleving plans to raise up to EUR200 million with a five-year maturity, which will be guaranteed and secured by pledges on the equity and loan portfolios of…
Fitch Ratings Affirms Eleving Group at ‘B-‘; Outlook Stable
Fitch Ratings has affirmed Eleving Group`s Long-Term Issuer Default Rating at “B-“; Outlook Stable. The affirmation reflects Eleving Group’s lower leverage and progress in refinancing its EUR100 million bond maturing in July 2022.
Eleving Group reports on record-high financial results for the six months of 2021
Eleving Group (former Mogo Finance) reports unaudited results for the six months of 2021, showing a sturdy performance in the first half of the year. The record-high results were driven by consistent financial performance, earning EUR 71.8 million in revenues, and the highest-ever consolidated loan issuance volume. In several markets such as Romania or Kenya…
Eleving Group reports unaudited results for the six months ended 30 June 2021
Record-breaking performance in Q2 2021 driven by significant loan issuance volume (EUR 77 million in Q2 2021) and strong q-o-q portfolio growth by 4.9% to EUR 211.5 million. Strong demand for personal mobility was observed in all the…
Eleving Group: Unaudited 6M 2021 results on 6th August 2021 – Invitation to earnings call on 10th August 2021
Riga, Latvia, 30 July 2021. Eleving Group and its group companies (the “Group”), specialized in vehicle and consumer financing, cordially invites investors and analysts to an earnings call with the Management Board on 10th August 2021, 15:00 CET, following the publication of its unaudited 6M 2021 results on 6th August 2021.