Eleving Group Issues EUR 275 Million Bonds with 9.5% Fixed Interest

Eleving Group has announced the issuance of EUR 275 million in senior secured bonds with a fixed annual interest rate of 9.5%. This initiative comes after the exchange of 2021/2026 bonds and a public offering of 2025/2030 bonds, primarily aimed at refinancing existing debts and expanding the group's loan portfolio.

The bond offering, featuring strong demand from investors worldwide, underscores confidence in Eleving's business model. Investors from Europe, the US, and the Middle East, as well as from the Baltics and Germany, have shown significant interest.

The bonds will mature on October 24, 2030, with semi-annual interest payments. Eleving Group has adjusted its offering due to high demand, increasing the issuance to EUR 300 million. These bonds will be traded on the Frankfurt Stock Exchange and Nasdaq Riga.