On March 3, 2025, Eleving Group conducted an investor call led by CEO Modestas Sudnius and CFO Maris Kreics. The executives provided insights into the company's recent financial performance, future strategies, and a new bond offering. This public bond tap issuance aims to raise up to EUR 50 million, increasing the outstanding amount of existing Eurobonds to a maximum of EUR 100 million. Investors from Latvia, Estonia, Lithuania, and Germany can subscribe through their custodian banks until March 7. The bonds offer a coupon rate of 13% per annum and quarterly interest payments. Eleving Group has been recognized as one of Europe’s fastest-growing companies for its innovative approach to financial technology.
In-Depth Look at Eleving Group's Investor Call and Bond Offering
In the heart of Riga, Latvia, on March 3, 2025, Eleving Group organized an investor call that shed light on its latest financial initiatives and strategic plans. The event featured key figures from the company—CEO Modestas Sudnius and CFO Maris Kreics—who presented detailed information about the group's recent achievements and upcoming projects. A significant highlight was the announcement of a public bond tap offering launched on February 19, 2025. This offering involves tapping into the company's existing senior secured and guaranteed Eurobonds with ISIN (DE000A3LL7M4), aiming to raise up to EUR 50 million. Upon completion, this will bring the total outstanding amount of these bonds, listed on the Nasdaq Riga and Frankfurt Stock Exchanges, to a maximum of EUR 100 million.
The new Eurobonds, maturing on October 31, 2028, come with a coupon rate of 13% per annum and quarterly interest payments. Each bond has a nominal value of EUR 100 and is issued at a price of 109%, resulting in an expected yield to maturity of approximately 10%. Investors in Latvia, Estonia, Lithuania, and Germany can participate in this offering through their custodian banks from February 19 until March 7, with a minimum investment requirement of 10 bonds.
Eleving Group, founded in Latvia in 2012, has established itself as a global leader in financial technology. Operating across 16 markets and three continents, the company promotes financial inclusion and social mobility in underserved communities. With a focus on vehicle and consumer finance, Eleving Group has developed a diverse portfolio, including secured vehicle loans under the Mogo brand and unsecured consumer finance products. The company's loan portfolio is distributed across Europe (53%), Africa (34%), and other regions (13%). Eleving Group has been recognized among Europe’s fastest-growing companies for two consecutive years and ranked 41st in ‘Europe’s Long-Term Growth Champions 2024’ research by Financial Times and Statista.
From a journalist's perspective, Eleving Group's investor call underscores the company's commitment to transparency and innovation. By providing detailed insights into its financial strategies and future plans, Eleving Group demonstrates its dedication to fostering trust and confidence among investors. The bond offering not only enhances the company's financial flexibility but also signals its readiness to expand further into new markets. For readers, this event highlights the importance of staying informed about corporate developments and the potential opportunities they present for investment.
