Eleving Group Successfully Issues EUR 40 Million in Bond Tap

Eleving Group, a leader in financial and mobility solutions based in the Baltics, has successfully completed a bond offering worth EUR 40 million. These senior secured and guaranteed bonds (ISIN DE000A3LL7M4) are aimed at supporting business growth and refinancing existing liabilities. The bond issuance attracted almost EUR 44 million in orders and now totals EUR 90 million in outstanding bonds.

Institutional investors from Europe contributed 60% of the capital, while 40% came from about 1,200 retail investors primarily in the Baltics. This reflects growing confidence in Eleving Group's financial instruments. The bonds, maturing on October 31, 2028, offer a 10% Yield to Maturity with quarterly interest payments.

The new bonds will start trading on Nasdaq Riga and Frankfurt Stock Exchange on March 14, 2025. Eleving Group plans further activities, such as refinancing Eurobonds maturing next year. Global coordination was handled by Aalto Capital (Germany).