Iute Group Unveils Public Offering for EUR 2025/2030 Bonds

IuteCredit Finance S.à r.l., a part of Iute Group, has announced a public offer for its new Senior Secured EUR 2025/2030 bonds, aiming for a total issuance of up to EUR 175 million. The bonds, with a denomination of EUR 100 each, offer a fixed interest rate ranging between 11% and 12.5% per annum.

The subscription period for retail investors starts on May 20, 2025, in Estonia, Latvia, and Lithuania, and two days later in Germany. The period ends on May 30, 2025. The initiative allows retail investors to partake via custodian banks and the Frankfurt Stock Exchange's DirectPlace function.

The purpose of the bond issue is to partly exchange the existing EUR 2021/2026 bonds and refinance liabilities. Trading is expected to commence on the Frankfurt Stock Exchange and Nasdaq Tallinn by June 6, 2025.