Public Offering of Senior Secured Bonds open for subscriptions

Tallinn, Estonia, March 2023. IuteCredit Group (“IuteCredit”), a leading European personal finance group, announces the public offering of Senior Secured bonds (“Offering”) based on the securities prospectus (“Prospectus”) authorized by the Luxembourg Financial Supervisory Authority CSSF (Commission de Surveillance du Secteur Financier) on 1 March 2023. The Prospectus has been published on IuteCredit’s website at The Offering is directed to all natural and legal persons in Estonia, Latvia, Lithuania, and Germany and not in any other jurisdictions.

Retail investors may submit their orders:

  • in Estonia: LHV Bank, Swedbank;
  • in Latvia: Swedbank, Bank Citadele, BluOr Bank.
  • in Lithuania: Swedbank, Šiaulių Bank, SEB.

Institutional investors and investors with an investment of more than EUR 100,000 may submit their orders: Signet Bank AS, Edmunds Antufjevs, +371 6708 1058,

Main terms of the Offering

IuteCredit, through its fully owned subsidiary IuteCredit Finance S.a.r.l., is offering up to 500,000 New Bonds with a nominal value of EUR 100 with a maximum aggregate nominal value of EUR 50,000,000 on top of the already issued and listed EUR 75,000,000 bond (XS2378483494). The maturity date is 6 October 2026 and the interest rate of 11% per annum is payable semi-annually.

The amount will be up to EUR 50,000,000 to be immediately consolidated on the Issue Date and form a single series with the EUR 75,000,000, 11% senior secured bonds due 2026 (the “Existing Bonds”) for an aggregate principal amount of up to EUR 125,000,000 (the “Bonds”).

The main objective is to refinance the 2019/2023 bond. The offer price per one New Bond (the “Offer Price”) will range between 96.5% and 99.5% and will be communicated to investors on 31 March 2023 in the Pricing Notice. The Senior Secured Bonds are registered in Clearstream Banking S.A. CSD, Luxembourg, under ISIN code XS2378483494.

The subscription period for the bonds starts on 6 March 2023 at 10.00 EET and will end on 31 March 2023 at 14.00 EET. The Offering will be targeted to qualified investors and to retail investors in Estonia, Latvia, and Lithuania as well as in Germany.

The Bonds constitute direct, general, unconditional, unsubordinated, and secured obligations of the Issuer. The Bonds will at all times rank pari passu in right of payment with all other present and future secured obligations of the Issuer and senior to all its existing and future subordinated debt.

Detailed information is available in the Prospectus.

Timetable of the Offering

Start of the Offer Period 6 March 2023

End of the Offer Period 31 March 2023

Announcement of the results of the Cash Offering 31 March 2023

Settlement of the Offering 6 April 2023

Commencement of Trading 6 April 2023

The New Bonds allocated to investors are expected to be transferred to their securities accounts on or about 6 April 2023. The Issuer will, simultaneously with the Offering, apply for the listing and for 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). The expected date of listing and the admission to trading of the New Bonds is on or about 6 April 2023.

Availability of the Prospectus and bond terms

The securities prospectus approved by the Commission de Surveillance du Secteur Financier (CSSF) in Luxembourg is now available on IuteCredit’s website at: All information on the Offering process as well as the documents required for the subscription of the bonds are available on IuteCredit´s website under the link

Before investing in IuteCredit´s Senior Secured Bonds, we ask you to acquaint yourself with the Prospectus, the bond terms, and the terms of the Offering in full and if necessary, consult with an expert.