Fixing of Eleving Group bond coupon rate
Eleving Group announces fixing coupon rate for a floating-rate bond effective from 29 June 2024.
The new coupon rate for subordinated bonds with half-yearly interest rate fixing listed on Nasdaq First North is as follows:
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ELEVFLOT31FA, maturity in 2031, coupon rate for the period from 29 June 2024 until 29 December 2024 (including) is now 15.672%.
The previous coupon rate for subordinated bonds with half-yearly interest rate fixing listed on Nasdaq First North was the following:
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ELEVFLOT31FA, maturity in 2031, coupon rate for the period from 29 December 2023 until 29 June 2023 (including) was 15.885%.
About Eleving Group
Eleving Group has driven innovation in financial technology around the world since its foundation in Latvia in 2012. As of today, the group operates in 16 markets and 3 continents, encouraging financial inclusion and upward social mobility in underserved communities around the globe. Eleving Group has developed a multi-brand portfolio for its vehicle and consumer finance business lines, with around 2/3 of the portfolio comprising secured vehicle loans and mobility products, with Mogo as the leading brand, and around 1/3 of the portfolio including unsecured consumer finance products, with Kredo and Tigo as the segment’s flagship brands. Currently, 57% of the group's portfolio is located in Europe, 30% in Africa, and 13% in the rest of the world.
The Group's historical customer base exceeds 660,000 customers worldwide, while the total volume of loans issued goes beyond EUR 1.7 billion. With headquarters in Latvia, Lithuania, and Estonia and a governance structure in Luxembourg, the Group ensures efficient and transparent business management, powered at the operational level by 2718 employees. For two consecutive years, the Group was listed among Europe’s 1000 fastest-growing companies, as published by the Financial Times in 2020 and 2021.
The group closed Q1 of 2024 with strong financial results—its adjusted EBITDA reached EUR 22.0 mln, revenues EUR 51.8 mln, and adjusted net profit before FX EUR 7.8 mln. Eleving Group’s net portfolio landed at EUR 330.5 million.
Read more: www.eleving.com
Edgars Rauza
AS “Eleving Vehicle Finance”
Investor Relations Manager
Phone: (+371) 29427762
Email: Edgars.rauza@eleving.com
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