News
Eleving Group reports unaudited results for the nine months ended 30 September 2021
Record profitability as a result of steady operational and financial performance OPERATIONAL AND STRATEGIC HIGHLIGHTS Record-high nine-month (ended on 30 September 2021) disbursement of loans driven by strong q-o-q performance, reaching the quarterly CAGR of 18.4% for 2021 Key performance indicators by now already exceeding full last years` results: revenue EUR 112.6 million, EBITDA EUR…
Eleving Group raises EUR 150 000 000 and successfully completes one of the largest bond issuances in the Baltics
Eleving Group (formerly known as Mogo Finance), a Latvian head-quartered leading provider of financial solutions in Central Europe, CIS & East Africa, has issued bonds in the amount of EUR 150 million that are listed on Frankfurt Stock Exchange, thus, successfully completing one of the largest bond issuances by a private company in the Baltics.…
Eleving Group successfully issues EUR 150 million Corporate Bonds
Riga, Latvia, 8 October 2021. Eleving Group (the “Issuer”, formerly known as Mogo Finance), a Latvian head-quartered leading provider of financial solutions in Central Europe, CIS & East Africa, rated B- (stable) by Fitch Ratings, is pleased to announce the successful issue of a EUR 150 million corporate bonds (ISIN: XS2393240887) at par with an…
Eleving Group to conduct fixed-income meetings – bond offering may follow
Launch of Conditional Call of the outstanding EUR 100 million 9.5% 2022 Bonds Bond offering Eleving Group (“the Issuer”, formerly known as Mogo Finance), a Latvian head-quartered leading provider of financial solutions in Central Europe, CIS & East Africa, rated B- (stable) by Fitch Ratings has mandated Oppenheimer & Co. Inc. as sole bookrunner and…
Fitch Rates Eleving’s Proposed Senior Secured Bonds ‘B-(EXP)’/’RR4’
Fitch Ratings has assigned Eleving Group S.A.’s (Eleving; formerly Mogo Finance S.A.) proposed bonds an expected senior secured debt rating of ‘B-(EXP)’ with a Recovery Rating of ‘RR4’. Eleving plans to raise up to EUR200 million with a five-year maturity, which will be guaranteed and secured by pledges on the equity and loan portfolios of…
Fitch Ratings Affirms Eleving Group at ‘B-‘; Outlook Stable
Fitch Ratings has affirmed Eleving Group`s Long-Term Issuer Default Rating at “B-“; Outlook Stable. The affirmation reflects Eleving Group’s lower leverage and progress in refinancing its EUR100 million bond maturing in July 2022.