Iute bonds2023-10-10T12:34:01+03:00

Subscription for bonds has ended.

  • The issuing price of the new EUR 2021/2026 bonds is expected to be conclusively determined and announced on 31 March 2023 on the basis of the subscription offers received.
  • The bonds allocated to investors are expected to be transferred to their securities accounts on or about 6 April 2023.
  • The expected date of listing and the admission to trading of the bonds on the Baltic regulated market of Nasdaq Tallinn Stock Exchange and on the Frankfurt Stock Exchange’s regulated market (General Standard) is on or about 6 April 2023.

Why invest in Iute bonds?

Nominal value 100 euros

11% interest

Fast-growing Estonian fintech

A proven and stable business model

Experienced management

Timeline

  • 6 March
    Start of the offer period
  • 31 March
    End of the offer period
  • 31 March
    Announcement of the results
  • 6 April
    Settlement of the offering
  • 6 April
    Commencement of trading
  • 6 October
    Maturity date
  • 6 March 2023 – Start of the offer period

  • 31 March 2023 – End of the offer period

  • 31 March 2023 – Announcement of the results

  • 6 April 2023 – Settlement of the offering

  • 6 April 2023 – Commencement of trading

  • 6 October 2026 – Maturity date

What is Iute?

Iute Group is a fintech company established in 2008 in Estonia. The Group specializes in consumer finance, payment services, banking, and insurance products. It serves customers in Albania, Bosnia and Herzegovina, Bulgaria, Moldova, and North Macedonia. Iute Group finances its loan portfolios with equity, deposits, and secured bonds on the Regulated Market of the Frankfurt Stock Exchange and the Nasdaq Baltic Main List.

Our mission is to create an extraordinary experience in personal finance by exceeding customer expectations.

Moldova Albaania Põhja-MakedooniaBulgaariaBosina ja Hertsegoviina

0
customers
0 M €
paid out loans
0 M €
net loan portfolio
0
employees
0
countries

Bond information

IuteCredit Finance 2023/2026
Regulated market Baltic regulated market of the Nasdaq Tallinn Stock Exchange
ISIN XS2378483494
Nominal value 100,00 EUR
Offer price Between 96.5%-97.5%*
Volume Up to 50,000,000 EUR
Subscription period 6 March 2023 at 10:00 EET – 31 March 2023 at 14:00 EET
Coupon rate 11% per annum
Interest payment semi-annually in arrears on 6 April and 6 October each year, commencing on 6 October 2023
Prospectus Listing Prospectus dated 01 March 2023
Prospectus summaries Prospectus Summary (in Latvian)
Prospectus Summary (in Lithuanian)
Prospectus Summary (in German)

* Will be communicated to investors on 31 March 2023 in the Pricing Notice.

FAQ

All existing and new investors in Estonia, Latvia, Lithuania, and Germany can subscribe for the new bonds.

In Estonia, you can subscribe for bonds at LHV bank and Swedbank.

In Latvia, you can subscribe for bonds in the following banks: Swedbank, Citadele, BluOr.

In Lithuania, you can subscribe for bonds in the following banks: Swedbank, SEB bankas, Sialiau Bankas. In SEB, investor can make their subscription request through internet bank’s customer service.

Subscribing for bonds requires a securities account. Bonds can also be purchased to investment accounts. Instructions for opening a securities account can be found on your bank’s website.

A legal entity must have a LEI code.

The nominal value of the Iute 2023/2026 bond is 100 euros. The offer price per one bond will range between 96.5% and 99.5% and will be communicated to investors on 31 March 2023 in the pricing notice.

The interest of the Iute 2023/2026 bond is 11% and it is paid out semi-annually: on April 6 and October 6.

For example, for ten 100-euro bonds, you will get a total interest income of 385 euros through seven payments over three years. The first interest payment will be made on 6 October 2023. You will get your final interest payment together with the initial investment back on the maturity date, on 6 October 2026.

You can sell your bonds at any time. If the price of the bond increases above 100 euros, you can also make a profit. However, you have to consider that if you sell your bond(s), you will no longer earn interest income.

The volume of Iute’s bond issue is up to 50 million euros or 500,000 bonds. The final subscription results will be announced on the 31st of March on our website, and the investors can see the number of bonds allocated to them from the internet bank.

Should an over-subscription occur, Iute will have the right to reduce or reject individual subscription offers under the offering in its absolute discretion.

The application will be made for admission to trading of the New Bonds on the Frankfurt regulated market and on the Baltic regulated market of the Nasdaq Tallinn Stock Exchange.

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Contact

This website contains general information regarding IuteCredit Finance S.à r.l. the will and plans to present possible investment opportunities, which depend on the approval of the prospectus by the relevant financial supervisory authority. Investors should read the prospectus before making investment decisions to understand the circumstances and risks associated with the investment. If necessary, consult an expert. The information provided on this site should not be construed in any way as investment advice or investment proposal. IuteCredit Finance S.à r.l. is a Luxembourg company 100% owned by the Estonian company AS IuteCredit Europe. This page may contain information that may be considered an advertisement for securities.

This website contains general information regarding IuteCredit Finance S.à r.l. the will and plans to present possible investment opportunities, which depend on the approval of the prospectus by the relevant financial supervisory authority. Investors should read the prospectus before making investment decisions to understand the circumstances and risks associated with the investment. If necessary, consult an expert. The information provided on this site should not be construed in any way as investment advice or investment proposal. IuteCredit Finance S.à r.l. is a Luxembourg company 100% owned by the Estonian company AS IuteCredit Europe. This page may contain information that may be considered an advertisement for securities.

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