News
Eleving Group successfully issues EUR 150 million Corporate Bonds
Riga, Latvia, 8 October 2021. 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, is pleased to announce the successful issue of a EUR 150 million corporate bonds (ISIN: XS2393240887) at par with an…
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…