Eleving Group offers 25 million euro bond exchange, Investoru Klubs reports

Eleving Group launched a public exchange offer for 25 million euros worth of bonds, giving existing private investors a path into its newest debt issuance, Investoru Klubs reported. The international financial technology company structured the offering to run from October 6 through October 20, 2026, targeting notes maturing on October 31, 2028, with the ISIN DE000A3LL7M4.

New Senior Secured Bonds Carry 9% Annual Coupon

Holders of the existing debt can trade their current notes for new senior secured bonds carrying a 9% annual coupon rate and the identifier ISIN XS3517354141. Each new bond carries a nominal value of 100 euros and features a six-year maturity term running until October 15, 2032. Interest payments will be distributed to investors on a quarterly basis.

Eleving Group Executes 200 Million Euro Bond Issue

The public exchange forms a designated portion of a much larger funding round executed across international markets. Modests Sudnius, chief executive officer of Eleving Group, explained the allocation strategy behind the dual-track approach. Privātā piedāvājuma ietvaros ar starptautiskajiem institucionālajiem investoriem esam vienojušies par nosacījumiem 200 miljonu eiro obligāciju emisijai, Sudnius stated, according to Investoru Klubs. No šīs summas 25 miljonus eiro esam rezervējuši publiskajam apmaiņas piedāvājumam, lai arī mūsu esošie privātie investori varētu piedalīties jaunajā emisijā, apmainot savas esošās obligācijas pret jaunajām un turpinot pelnīt kopā ar Eleving Group.

Unexchanged Bonds Face Early Redemption in November 2026

Company management noted that the financing pool designated for the exchange offer is strictly limited in size. Final distribution figures for the new securities will be calculated and confirmed only after the official exchange window closes on October 20, 2026. Any existing bonds that remain unexchanged by the conclusion of the offering period are scheduled for early redemption on or around November 2, 2026. Those remaining notes will be retired at 101% of their nominal value, in accordance with terms laid out in the company’s early voluntary redemption notice.