Eleving Group Launches Public Bond Offering with 13% Coupon

On February 19, 2025, Eleving Group, a financial and mobility solutions leader based in the Baltics, commenced a public bond offering. The new Senior Secured and Guaranteed 2023/2028 Eurobonds offer a 13% annual coupon rate with quarterly interest payments. Investors from Latvia, Estonia, Lithuania, and Germany can participate until March 7, 2025.

The bonds, with a nominal value of EUR 100.00 and an issuance price of 109%, aim to cap at EUR 50 million, elevating the total outstanding bonds to EUR 100 million. The expected yield to maturity is approximately 10%, with a maturity date on October 31, 2028.

Retail investors can place orders through various banks in the participating countries, while global investors can access the offering via the Mintos marketplace. Signet Bank, LHV Bank, and others are organizing investor meetings across Europe.