Eleving Group raises €200 million in private bond offering

Eleving Group has raised €200 million through a private bond offering. The bulk of the proceeds will be used to repay the company's existing €90 million bonds, which mature in October 2028. The remaining funds are intended for partial refinancing of liabilities on the Mintos platform and for further financing of the group's loan portfolio.

Eleving Group CEO Modestas Sudnius expressed satisfaction with the strong interest shown by international institutional investors, noting that despite current volatility in capital markets, demand for the new bonds exceeded the offered amount by nearly 1.5 times. He also highlighted the achieved coupon rate, which he said reflects investors' growing confidence in Eleving Group and its position in international capital markets.

Exchange offer for existing bonds

The company has notified holders of its existing bonds (ISIN DE000A3LL7M4) of its intention to exercise its right to redeem them early. Eleving Group has allocated €25 million from the new bond issue for this exchange offer. The public exchange offer is planned to run from 6 to 20 October 2026, pending approval of the prospectus by Luxembourg's Commission de Surveillance du Secteur Financier. Further details on the terms and conditions of the exchange offer will be published once the prospectus is approved.

The new bonds are expected to be admitted to trading on the regulated market of the Frankfurt Stock Exchange as well as the Nasdaq Riga Baltic regulated market around 20 October 2026.

Gottex Brokers SA, BCP Securities Inc. and Signet Bank AS were appointed as joint bookrunners for the issue. Bankhaus Scheich Wertpapierspezialist AG acted as selling agent, while Aalto Capital provided financial advisory support to Eleving Group.