TGS Baltic advised Eleving Group concerning a bond issue with the total volume of EUR 150,000,000.

26.11.2021 TGS Baltic advised Eleving Group concerning a bond issue with the total volume of EUR 150,000,000.

Eleving Group issued in October 2021 bonds in the amount of EUR 150,000,000, to be listed on the Frankfurt Stock Exchange - one of the largest bond issuances by a private company based in the Baltics.

TGS Baltic’s Estonian Banking & Finance practice group advised and assisted Eleving Group in all Estonian law matters related to the bond issue. The time schedule and international dimension of the project required our lawyers to respond quickly and explain local law and practice issues to other project participants as concisely as possible. No less important was the opportunity to engage in our favourite activity – finding creative solutions to match the client’s needs.

Our project team consisted of head of practice group and partner Kirsti Pent and senior associate Olger Kaelep.

Eleving Group (formerly Mogo Finance) is a company headquartered in Latvia, providing financing solutions through its group companies in the Baltics, as well as in Central Europe, the CIS and East Africa (14 countries altogether).