IuteCredit issues 75 million euros of corporate bonds to professional and private investors

Tallinn, Estonia, September 27, 2021. IuteCredit Group (“Iute”) has issued € 75 million of senior covered corporate bonds (ISIN: XS2378483494) through its wholly-owned subsidiary IuteCredit Finance Sarl, as a result of ” a series of meetings of European professional investors as well as a first-time public offering to retail investors in Estonia, Latvia, Lithuania and Germany. The proceeds of the issue will be used by Iute to finance growth in current and future markets and to refinance existing debt.

The significantly lower coupon price and longer maturity compared to the corporate bond already in circulation (XS2033386603) has a beneficial effect on Iute’s funding structure. The senior secured corporate bonds due 2026 were issued at par with an interest rate of 11.0% per annum payable semi-annually. The first interest payment will be made on April 6, 2022.

The initial public offering for a maximum amount of 50 million euros was oversubscribed by more than 35 million euros. This is why Iute has decided to increase the offer by 25 million euros in line with the strong demand and the flexibility of current funding.

All retail subscription orders submitted for a total amount of € 20 million have been fully allocated. Of this total, more than 2,500 private investors from the Baltic countries accounted for almost € 18 million. Approximately 75% of the total issue volume was allocated as partial consideration for subscription orders to more than 30 institutional investors across Europe. Settlement is expected on October 6, 2021.

The new bonds are expected to be included on the regulated markets of the Frankfurt Stock Exchange and the Nasdaq Tallinn Stock Exchange. The first day of listing on the Frankfurt Stock Exchange is scheduled for October 6, 2021 and October 7, 2021 on the Nasdaq Stock Exchange in Tallinn.

GOTTEX Brokers SA (Switzerland), Signet Bank AS (Latvia), Bankhaus Scheich Wertpapierspezialist AG (Germany), Redgate Capital AS (Estonia),? Iauliu bankas AB (Lithuania) and Adamant Capital Partners (Bulgaria) supported the offer as as co-managers and regional sales agents. GSK Stockmann SA (Luxembourg) worked as Global Legal Advisor and LEXTAL Law Firm as Baltics Legal Advisor.

Aalto Capital (Germany) acted as Sole Global Coordinator for public offering and private placement as well as Group Financial Advisor.

Tarmo Sild, CEO of IuteCredit Group, commented: “We are humble and proud of the trust and credit given to Iute by institutional and retail investors. Proceeds from the show continue to support Iute in the pursuit of our mission, which is to create the extraordinary experience in the personal finance arena. “

Further management comments can be found in additional press releases on the website at: iutecredit.com/news.

The home Member State of IuteCredit Finance S.à.rl in accordance with Article 2 (1) (i) of Directive 2004/109 / EC is Germany.

Contact:

IuteCredit Europe AS
Kristel Kurvits, Group Chief Financial Officer (CFO)
Email: [email protected]
Telephone: +372 622 9177

About IuteCredit:

Iute – established in 2008 – is one of the leading European personal finance companies. The Group specializes in installment credit and instant payment services via its subsidiaries which are 100% equity and loan capital. IuteCredit currently serves clients in Moldova, Albania, North Macedonia and Bulgaria as well as in Bosnia and Herzegovina.

IuteCredit’s credit products are unsecured consumer loans with maturities between 1 month and 48 months and auto guaranteed loans with maturities of up to 72 months.

Iute’s mission is to create an extraordinary personal finance experience by exceeding client expectations.

www.iutecredit.com

IMPORTANT INFORMATION

The information contained in this document is not intended for dissemination, publication or distribution, in whole or in part, directly or indirectly, in the United States, Australia, Canada, Hong Kong, Japan, New Zealand , South Africa or any other country or otherwise. in such circumstances where the broadcast, publication or distribution would be illegal. The information contained in this document does not constitute an offer to sell or the solicitation of an offer to buy, and there will be no sale of the Bonds in any jurisdiction in which such an offer, solicitation or sale would be illegal. prior to registration, exemption from registration or qualification under the securities laws of such jurisdiction. Persons in possession of this advertisement are required to inform themselves and comply with all these restrictions.

This announcement does not constitute an offer of securities for sale in the United States. The Bonds have not been and will not be registered under the Securities Act or applicable securities laws of any state of the United States and may not be offered or sold, directly or indirectly, in the United States or to , or on behalf of or for the benefit of persons in the United States, except under an applicable exemption or in connection with a transaction not subject to the registration requirements of the Securities Act.

This announcement does not constitute a prospectus for the purposes of Directive 2003/71 / EC, as amended (the “Prospectus Directive”) and does not constitute a public offering of securities in a member state of the European Economic Area (l ‘”EEE”).

This announcement does not constitute an offer of bonds to the public in the United Kingdom. No prospectus has been or will be approved in the UK with respect to the bonds. Accordingly, this advertisement is not being distributed and should not be shown to the general public in the United Kingdom. Communication of this advertisement as a financial promotion may only be distributed to and is intended for (i) persons outside the UK or (ii) relevant investment professionals. Section 19 (5) of the Financial Services and Markets Act 2000. (Financial Promotion) Order 2005 (the “Order”) or (iii) high net worth companies and other persons to whom it may be legally disclosed, falling under article 49 (2) (a) to (d) of the Ordinance (all these persons in points (i), (ii) and (iii) above being together referred to as “Data subjects”). Any invitation, offer or agreement to subscribe, purchase or acquire such securities will only be concluded with the Persons Concerned. Anyone who is not a Relevant Person should not act or trust this advertisement or any of its contents.