Eleving to sell €75 million of bonds due 2028 in public offering

Chicago, Sept. 27 – Eleving Group SA is opening up a public offering for €75 million of senior secured guaranteed bonds due 2028 (//B) (ISIN: DE000A3LL7M4), according to a notice.

The offering will start on Oct. 2 and end on Oct. 20 in Estonia, Latvia, Lithuania and Germany.

The coupon is expected to be between 12% and 13½%.

Listing on Oct. 31 is expected in Frankfurt.

Eleving Group has mandated Signet Bank AS (Latvia), Redgate Capital AS (Estonia), Evernord UAB FMĮ (Lithuania), and Bankhaus Scheich Wertpapierspezialist AG (Germany) to arrange a series of European professional investor meetings.

Aalto Capital (Germany) acts as the global coordinator as well as the financial adviser to the group.

The Riga, Latvia-based issuer provides financial and mobility solutions in Central Europe, CIS, Eastern and Sub-Saharan Africa.

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