Eleving Group S.A. successfully issues new high yield bond 23/28; Bankhaus Scheich as Sales Agent, Orderbook-Manager & Listing Agent

Eleving Group S.A., a Riga-based micro lender for used cars, has successfully issued its new 13% high yield corporate bond 23/28 in the amount of EUR 50 million. The Company focusses on innovative & sustainable lending solutions targeting specific layers of society in the Baltics, Eastern Europe and parts of emerging Africa. Bankhaus Scheich Wertpapierspezialist AG acted as sales agent for the DACH-region, orderbook-manager for Deutsche Börse’s subscription facility DirectPlace and listing agent for the issue’s forthcoming admission to the Regulated Market. Despite difficult market conditions, clouded by geopolitical tensions, the bond issue met strong demand from retail investors and distinguished institutional accounts in the Baltics, Germany and Switzerland. The net proceeds will enable Eleving to further refinance and optimise its debt structure thereby laying the cornerstone for future growth in upcoming markets.