News
Eleving Group issues EUR 50 mln senior secured and guaranteed bonds
Following the exchange of Mogo AS 2021/2024 bonds and the public offering of Eleving Group 2023/2028 bonds, the Group issues EUR 50 mln senior secured and guaranteed bonds (ISIN DE000A3LL7M4).
Eleving Group starts a public offering for new bonds with a 13% coupon rate
Eleving Group today started the public offering in Estonia, Latvia, and Lithuania of the new EUR 2023/2028 bonds with ISIN (DE000A3LL7M4). The public offering in Germany will start on October 4. Investors can subscribe to the bonds through their custodian banks until October 20.
Eleving Group commences Exchange Offer for Bondholders of Mogo AS 2021/2024 bonds
Eleving Group today launched the offer to exchange the 2021/2024 bonds issued by Eleving Group’s subsidiary Mogo AS (ISIN LV0000802452) for a new senior secured and guaranteed EUR bond offering, maturing in 2028.
Steady portfolio growth while maintaining excellent profitability
Eleving Group has announced unaudited results for the six months ending 30 June 2023. The Group recorded a steady financial performance during the quarter, with revenues of EUR 90.6 mln, while the net portfolio reached EUR 295.1 mln.
Eleving Group obtains EC Finance Group Ltd., through integration and combination of both companies’ equity amounts
Eleving Group has started the process of integrating EC Finance Group Ltd., better known as ExpressCredit, a consumer finance provider operating in the Southern Africa region, into its direct subsidiary AS Eleving Finance. As a result of the transaction, Eleving Group takes over the company’s assets, subsidiaries, and client portfolio and increases Eleving Group’s equity.
Fitch Affirms Eleving Group at ‘B-‘; Outlook Stable
Fitch Ratings has affirmed Eleving Group’s Long-Term Issuer Default Rating (IDR) at ‘B-‘, with a Stable Outlook. Fitch has also affirmed Eleving’s senior secured debt rating at ‘B-‘ with a Recovery Rating of ‘RR4’.