Frankfurt am Main, 12. October 2021
Eleving Group (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 successfully issued EUR 150 million corporate bonds at par with an annual interest rate of 9.50% and a maturity in the year 2026. The issue was comfortably oversubscribed with Bankhaus Scheich Wertpapierspezialist AG acting as Co-Manager alongside Signet Bank AS (Co-Manager) and Oppenheimer & Co. Inc. (Lead Manager). Bankhaus Scheich will also act as specialist for the new issue in the Open Market of the Frankfurt Stock Exchange. The issue is intended to be upgraded into Regulated Market four months hereafter.