Nasdaq Welcomes IuteCredit Finance to Baltic Bond List

Tallinn/Riga/Vilnius, Nasdaq Baltic Market, October 11, 2021 – Nasdaq (NDAQ) announces that secured bonds issued by IuteCredit Finance (short name: IUTE110026A) were listed on the Nasdaq Baltic Bond List by Nasdaq Tallinn as of today, October 11, 2021.

The total size of the senior secured corporate bond issue is EUR 75 million. The nominal value of one bond is EUR 100. The annual coupon rate is 11% which is paid out semi-annually.

The listing follows the public offering of IuteCredit Finance bonds to retail and institutional investors in Estonia, Latvia, Lithuania and Germany. The initial offering of EUR 50 million was oversubscribed by more than EUR 35 million. Therefore, Iute increased the offer size by EUR 25 million. More than 2,500 retail and 30 institutional investors participated in the offering.

“I’m delighted to see IuteCredit Finance fulfilling their expectations with the ambitious bond offering and becoming listed on our exchange,” said Kaarel Ots, CEO of Nasdaq Tallinn.

“We tapped into the bond market in the Baltics to earn money with the help of local retail investors and share the money we earn with local retail investors. Demand for the bonds exceeded our expectations, although we planned the bond issue long in advance,” said Tarmo Sild, CEO of IuteCredit.