Frankfurt/Main, October 24, 2025
Eleving Group S.A., a Riga-based Fintech for used cars, eMobility and recently also smartphones has successfully placed a new high yield corporate bond with a 5 year maturity and coupon of 9.5%. Owing to massive demand from Anglo-American institutions – amongst others -, the issue had to be increased from formerly EUR 250mln to 275mln in volume and was priced at the lowest end of the bookbuilding range at 9.5%. Bankhaus Scheich was part of an international banking syndicate and acted as selling & listing agent for the Regulated Market Frankfurt. The newly issued bonds will be included into trading in Frankfurt & NASDAQ Riga from October 27, 2025 onwards. The net proceeds will enable Eleving to prematurely call the outstanding 21/26-issue and further optimize its balance sheet.