luteCredit bond issue

About Company

Established in 2008, IuteCredit is one of the leading European consumer lending companies, headquartered in Tallinn.

The company operates in 5 countries – Moldova, Albania, North Macedonia, Bulgaria as well as Bosnia and Herzegovina, and employs more than 400 employees.

IuteCredit offers three products: dealer loans, cash loans and car-secured loans.

IuteCredit’s business model is built around high demand for consumer lending services in countries with underdeveloped banking sector, high GDP growth and low public/private debt.

Additional information:

https://iutecredit.com/investor-relations/

Term Sheet

Issuer

IuteCredit Finance S.à r.l.

Sector

Non bank financing

Type

Public offering

Security type

Senior secured bonds

Issue size

EUR 50,000,000

Coupon rate

9.5% – 11.5%

Coupon frequency

Twice per year

Price

100%

Term

30.09.2026 (bullet)

Nominal value

EUR 100

Minimum subscription

EUR 10 000

Covenants

• Interest coverage ratio at least 1.5x
• Capitalization ratio at least 15%

Use of proceeds

Refinancing

Listing

Planned listing on Frankfurt Stock Exchange and Tallinn Stock Exchange

Arranger

Signet Bank AS