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Latvia’s Eleving Group (Mogo Finance) calls 9˝% bonds due 2022
Chicago, Jan. 4 – Eleving Group SA's (formerly Mogo Finance SA) issued a notice of redemption for its €100 million 9˝% bonds due 2022 (ISIN: XS1831877755), according to a company release.
The company redeemed the notes at 102.375, plus accrued interest, on Oct. 20.
The company refinanced the notes with a new €150 million facility with the same coupon, but due in 2026.
The Riga, Latvia-based issuer is a provider of used-car finance, operating in such countries as Lithuania, Latvia, Estonia and Georgia.
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