Eleving Group Launches EUR 200 Million Bond at 9% Interest

Eleving Group has successfully launched a EUR 200 million senior secured bond with a fixed interest rate of 9% per annum. The bond, issued at par, is set to refinance the Group’s EUR 90 million bonds maturing in 2028 and support further portfolio development. Despite market volatility, the bond was nearly 1.5 times oversubscribed. The company attributes this to strong investor confidence, as stated by CEO Modestas Sudnius.

An exchange offer totaling EUR 25 million is planned for holders of the existing bonds. Running from October 6 to 20, 2026, it is subject to regulatory approval. The new bonds are expected to trade on the Frankfurt and Nasdaq Riga exchanges around October 20, 2026.

Gottex Brokers SA, BCP Securities Inc., and Signet Bank AS are managing this bond issuance, supported by financial adviser Aalto Capital. This strategic move aims to enhance Eleving Group's financial stability and market position.