Chicago, Jan. 4 – Eleving Group SA's (formerly Mogo Finance SA) placed €150 million of 9½% five-year bonds (B-), according to a company release.
The bonds were sold without an original issue discount.
The bonds are listed on the Frankfurt Stock Exchange. The bonds will also be listed on Nasdaq Riga Stock Exchange.
Investor meetings were held for the sale. The issue was reported as “comfortably oversubscribed.”
Oppenheimer & Co. Inc. was the bookrunner.
Proceeds will be used to refinance existing liabilities, including a €100 million outstanding eurobond.
The Riga, Latvia-based issuer is a provider of used-car finance, operating in such countries as Lithuania, Latvia, Estonia and Georgia.
| Issuer: | Eleving Group SA
|
| Amount: | €150 million
|
| Issue: | Bonds
|
| Maturity: | 2026
|
| Bookrunner: | Oppenheimer & Co. Inc.
|
| Co-managers: | Signet Bank AS and Bankhaus Scheich Wertpapierspezialist AG
|
| Coupon: | 9½%
|
| Price: | Par
|
| Yield: | 9½%
|
| Trade date: | Oct. 8
|
| Settlement date: | Oct. 18
|
| Ratings: | Fitch: B-
|
| Marketing: | Investor meeting
|
| ISIN: | XS2393240887
|
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