Frankfurt/Main, March 10, 2025
Eleving Group S.A., a Riga-based micro lender for used cars and eMobility with focus on the Baltics, Eastern Europe and parts of emerging Africa has successfully tapped its outstanding high yield corporate bond 23/28 from formerly EUR 50mln to currently EUR 90mln. The newly issued and publicly offered EUR 40mln were mainly taken up by retail investors from the Baltics as well as a selective group of renown European institutions. Bankhaus Scheich was part of an international banking syndicate and acted as selling & listing agent. The newly issued bonds will be included into trading on the Regulated Markets of Frankfurt & Riga from March 14 onwards. The net proceeds will enable Eleving to further optimize its balance sheet as well as strengthen its key position in its core markets of Emerging Africa and Eastern Europe.