Eleving Group, a publicly listed international financial technology company, announced on October 6, 2026, the launch of a public exchange offer for holders of its existing 2023/2028 bonds (ISIN DE000A3LL7M4). The company is inviting bondholders to exchange their existing bonds for newly issued senior secured 2026/2032 bonds (ISIN XS3517354141) with a six-year maturity. The new bonds, totaling EUR 200 million, carry a fixed interest rate of 9% per annum, with up to EUR 25 million available to existing bondholders through the exchange offer.
Simultaneously, Eleving Group published a conditional notice of early voluntary redemption for any existing 2023/2028 bonds not exchanged. Subject to conditions in the notice, these bonds are expected to be redeemed on or around November 2, 2026, or a later date announced by the company. The exchange offer period runs from October 6 to October 20, 2026, at 14:00 EEST / 13:00 CEST. Holders should note that custodian banks may apply earlier internal deadlines. The exchange ratio is 1:1, meaning EUR 100 in nominal amount of existing bonds will be exchanged for EUR 100 in nominal amount of new bonds, subject to final allocation. Accrued and unpaid interest on the existing bonds up to, but excluding, the settlement date—expected on or around October 26, 2026—will be paid in cash. Non-exchanged bonds are expected to be redeemed at 101% on or around November 2, 2026.
The new bonds will carry a fixed coupon of 9% per annum, with interest payable quarterly. They are expected to be admitted to trading on the Regulated Market of the Frankfurt Stock Exchange (General Standard) and the Baltic Regulated Market of Nasdaq Riga on or around October 20, 2026. The securities prospectus approved by the Commission de Surveillance du Secteur Financier (CSSF) in Luxembourg is available on the company’s website at www.eleving.com. Detailed documents include the Eleving Group Bond Issue and Exchange Offer Prospectus, Eleving Group Bond Terms and Conditions, Eleving Group Exchange Offer Invitation, Eleving Group Early Redemption Notice, and Summary of the Prospectus (LV).
Eleving Group invites investors, analysts, media representatives, and other stakeholders to an investor call with the Management Board on October 14, 2026, at 14:00 CEST, dedicated to the bond exchange offer. CEO Modestas Sudnius and CFO Māris Kreics will provide an overview and present key insights into recent business results. Registration is available here. The original release can be viewed on www.newmediawire.com.
