Iute Group Attracts Strong Investor Interest for New Bond Offer

IuteCredit Finance S.à r.l., a subsidiary of Iute Group, has witnessed a strong response from its existing investors for their Conditional Exchange and Cash Tender Offer regarding the EUR 2021/2026 Bonds. The offer, which extends until 7 May, saw investors representing about EUR 78 million express interest, surpassing the minimum acceptance threshold of EUR 75 million comfortably.

The Conditional Exchange Offer captured interest for nearly EUR 52.5 million, while the Cash Tender Offer drew approximately EUR 25.5 million. The issuance of new bonds, amounting to a minimum of EUR 125 million, awaits prospectus approval, marking an important progression in Iute's financial strategy.

CEO Tarmo Sild highlighted this achievement as a testament to investor confidence in Iute Group’s growth potential. The firm is prepared to launch a public offer for bond subscription once approval is obtained.