Iute Group Launches Public Offer For New Senior Secured EUR 2025/2030 Bonds – Total Volume Up To EUR 175 Million
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EQS-News: IuteCredit Finance S.à r.l.
/ Key word(s): Bond/Issue of Debt
NOT FOR PUBLICATION, DISTRIBUTION OR RELEASE, IN WHOLE OR IN PART, DIRECTLY OR INDIRECTLY, IN OR INTO THE UNITED STATES (INCLUDING ITS TERRITORIES AND POSSESSIONS, ANY STATE OF THE UNITED STATES AND THE DISTRICT OF COLUMBIA), CANADA, AUSTRALIA, SOUTH AFRICA OR JAPAN, OR ANY OTHER JURISDICTION IN WHICH PUBLICATION, DISTRIBUTION OR RELEASE WOULD BE UNLAWFUL.
The new EUR 2025/2030 Bonds (ISIN XS3047514446) will be offered at an issue price of 100% per bond to retail investors for subscription via custodian banks in Estonia, Latvia, and Lithuania as well as in Germany via custodian banks and additionally via the DirectPlace subscription function of the Frankfurt Stock Exchange. The total volume of the new Senior Secured EUR 2025/2030 Bonds of up to EUR 175 million corresponds to up to 1,750,000 bonds denominated at EUR 100.00 each. The interest rate payable semi-annually during the first 48 months following the issue date of the new EUR 2025/2030 Bonds and quarterly thereafter until the maturity date is expected to range between 11-12.5% p.a. The final interest rate and the volume of the new EUR 2025/2030 Bonds to be issued will be announced on or around 30 May 2025 based on the subscription offers received. The purposes of the issue of the new EUR 2025/2030 Bonds with a total volume of up to EUR 175 million is to partially exchange the Issuer's existing EUR 2021/2026 Bonds with the EUR 2025/2030 Bonds, which will be offered to holders of the Issuer's existing EUR 2021/2026 Bonds willing to participate in the offering and to refinance existing liabilities and for general corporate purposes (including growth of the Group’s loan portfolio). Fitch Ratings has assigned Iute Group a Long-Term Issuer Default Rating (IDR) of B- (stable outlook) and an expected Senior Secured Debt Rating of B- for its new EUR bonds 2025/2030 (ISIN XS3047514446). The Subscription Period for Public Offer to retail investors starts today, 20 May 2025, at 09:00 CEST / 10:00 EEST, in Estonia, Latvia and Lithuania. The Subscription Period in Germany starts on 22 May 2025, 09:00 CEST / 10:00 EEST. The Subscription Period* ends on 30 May 2025, 14:30 CEST / 15:30 EEST (subject to early closing). *Collection deadline for subscription orders might differ depending on the investor’s chosen bank. Investors should contact their broker/custodian bank concerning the specific order collection deadline. The settlement of the new EUR 2025/2030 Bonds and the transfer of the allocated bonds to the investors’ securities accounts are expected on or around 6 June 2025. The new EUR 2025/2030 Bonds are expected to be admitted to trading on the Regulated Market of the Frankfurt Stock Exchange (General Standard) and the Baltic Regulated Market of the Nasdaq Tallinn Stock Exchange on or around 6 June 2025. INVESTOR PRESENTATIONS CEO Tarmo Sild and CFO Kristel Kurvits will present the Subscription Offer via webcast/conference call:
Recordings and presentations will be published at: https://iute.com/investor/prospectus/. The securities prospectus approved by the Commission de Surveillance du Secteur Financier (CSSF) in Luxembourg is available on the Company’s website: https://iute.com/investor/prospectus/. Iute Group has mandated Oppenheimer & Co. Inc (New York / London) and AS LHV Pank (Tallinn) as Joint Lead Managers and Joint Bookrunners and Signet Bank AS (Riga) as Co-Manager. Bankhaus Scheich Wertpapierspezialist AG (Frankfurt/Main) is acting as Sales and Listing Agent. Aalto Capital (Munich) is acting as financial advisor to Iute Group. All information and required documents regarding the subscription of the EUR 2025/2030 Bonds are available on the Company’s website at https://iute.com/investor/prospectus/. For questions about this offer, please contact:
For the avoidance of doubt, it is assumed that holders of the Issuer’s existing EUR 2021/2026 Bonds who have previously indicated their willingness to participate in the Invitation to the Conditional Exchange and Cash Tender Offer will participate in the Exchange and Cash Tender Offer on the basis of their previous indications, unless they notify the Issuer otherwise within the Exchange Period. Kristel Kurvits, Group Chief Financial Officer (CFO) 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, 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. The information contained herein is not for release, publication or distribution, in whole or in part, directly or indirectly, in or into the United States of America, Australia, Canada, Hong Kong, Japan, New Zealand, South Africa or any other countries or otherwise in such circumstances in which the release, publication or distribution would be unlawful. The information contained herein does not constitute an offer to sell or the solicitation of an offer to buy, nor shall there be any sale of, the bonds in any jurisdiction in which such offer, solicitation or sale would be unlawful prior to registration, exemption from registration or qualification under the securities laws of any such jurisdiction. Persons into whose possession this announcement may come are required to inform themselves of and observe all such restrictions. This announcement does not constitute an offer of securities for sale in the United States of America. The bonds have not been and will not be registered under the United States Securities Act of 1933, as amended (the “Securities Act”) or under the applicable securities laws of any state of the United States of America and may not be offered or sold, directly or indirectly, within the United States of America or to, or for the account or benefit of, U.S. persons (as defined under Regulation S under the Securities Act) except pursuant to an applicable exemption from, or in a transaction not subject to, the registration requirements of the Securities Act. This announcement does not constitute a prospectus for the purposes of Regulation (EU) 2017/1129 of the European Parliament and of the Council of 14 June 2017 on the prospectus to be published when securities are offered to the public or admitted to trading on a regulated market (the “Prospectus Regulation”) and does not constitute a public offer of securities in any member state of the European Economic Area (the “EEA”). 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 United Kingdom in respect of the bonds. Accordingly, this announcement is not being distributed to, and must not be passed on to, the general public in the United Kingdom. The communication of this announcement as a financial promotion may only be distributed to and is only directed at (i) persons who are outside the United Kingdom or (ii) investment professionals falling within Article 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 lawfully be communicated, falling within Article 49(2)(a) to (d) of the Order (all such persons in (i), (ii) and (iii) above together being referred to as “Relevant Persons”). Any invitation, offer or agreement to subscribe, purchase or otherwise acquire such securities will be engaged in only with, Relevant Persons. Any person who is not a Relevant Person should not act or rely on this announcement or any of its contents.
20.05.2025 CET/CEST Dissemination of a Corporate News, transmitted by EQS News - a service of EQS Group. |
| Language: | English |
| Company: | IuteCredit Finance S.à r.l. |
| 14, rue Edward Steichen | |
| 2540 Luxembourg | |
| Luxemburg | |
| ISIN: | XS2378483494 |
| WKN: | A3KT6M |
| Listed: | Regulated Market in Frankfurt (General Standard); Regulated Unofficial Market in Berlin, Dusseldorf, Hamburg, Hanover, Munich, Stuttgart, Tradegate Exchange |
| EQS News ID: | 2140918 |
| End of News | EQS News Service |
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2140918 20.05.2025 CET/CEST
