Eleving Group's Bond Offer Nears Conclusion

Eleving Group is set to conclude its public offering for senior secured and guaranteed Eurobonds on March 7, 2025, at 15:30 EET. The bonds come with an attractive annual return rate of 10%, and prospective investors are encouraged to finalize subscriptions before the deadline due to potential bank-specific cutoffs.

The bonds, carrying the ISIN DE000A3LL7M4, mature on October 31, 2028, and offer a 13% annual coupon rate with quarterly interest distributions. Priced at 109% of their nominal value, plus 42 days of accrued interest, they offer a projected yield to maturity near 10%.

Investors in Latvia, Estonia, Lithuania, and Germany can participate via custodian banks, with a minimum of 10 bonds generally required. However, Swedbank Latvia sets its minimum at 180 bonds. Additionally, via the Mintos marketplace, the minimum investment stands at EUR 50.

The listing of these new bonds on the Nasdaq Riga and Frankfurt Stock Exchange is anticipated around March 14, 2025. Eleving Group has confirmed it will not prepay these bonds before October 31, 2026.