Exactly, this is not an ordinary bank. Understanding the customer’s needs and experiences is one of our core operating principles. We do not apply a standard approach for achieving customer goals, each solution is found by thoroughly analysing each situation individually and following the global trends in the industry.
Signet Bank AS
Antonijas street 3,
Riga, LV 1010, Latvia
Phone: +371 67 080 000
Fax: +371 67 080 001
E-mail: [email protected]
Monday to Friday
9:00 a.m. – 17:30 p.m
In cooperation with Signet Bank, Eleving Group has issued 150 million euros in bonds with annual interest rate of 9.50% maturing in 2026. The issue was aimed at refinancing existing bonds and originating further financing to drive group development.
Eleving Group (previously Mogo Finance) is a fintech conglomerate operating throughout the Baltics, Central Europe, the Caucasus, Central Asia and East Africa. Eleving Group has received a credit rating of B– with a stable outlook from Fitch.
The new Eleving Group bonds are slated for Frankfurt Stock Exchange Regulated Market listing within four months following issue.
Eleving Group bond issue is the largest debt securities issue by locally-owned private company from Latvia. We are glad that we were able to participate in this historical project and at the same time we hope that this issue will motivate other local companies to beat this record someday!
Edmunds Antufjevs, head of Corporate Finance at Signet Bank
We are thankful to both existing and new investors from all over Europe, their trust and support mean a lot to our company. The proceeds will help Eleving Group to optimise costs further without sacrificing our growth roadmap. We will be hard at work continually enhancing our platform mobility and finance, introducing new products and investing capital in digitalisation.
Modestas Sudnius, CEO of Eleving Group
About Eleving Group
Eleving Group is an international group of financial technology companies with a formidable worldwide network of offices. The group is currently represented on three continents, providing automotive and consumer finance, financial inclusion, and driving overall development of the financial service industries in the countries in which it operates. The group has issued over EUR 710 million in loans so far, with a standing portfolio of EUR 200 million. Founded in 2012 under the Mogo brand, it is now present in 14 different markets and has its headquarters in Latvia. Eleving Group’s business activities span the Baltics, Europe, the Caucasus, Central Asia and East Africa. For two years in a row, Eleving Group has been included in the FT 1000, the Financial Times’ list of Europe’s fastest-growing companies.
About Signet Bank
The bank was founded in 1992 as Latvijas Biznesa banka. Since 2013, it has focused its strategy on servicing entrepreneurs and their businesses, with an emphasis on high-quality capital management and structuring financing projects. Signet Bank’s majority shareholders are a group of Latvian and international investors, which includes SIA Hansalink, AS RIT Group, and Signet Acquisition III.