IuteCredit bond issue

About Group

Established in 2008, IuteCredit is one of the leading European consumer lending companies, based in Tallinn, Estonia with more than 935 full-time employees.

IuteCredit offers its customers dealer loans, cash loans, car loans as well as banking services through its recently acquired Energbank.

Company’s business model is built around high demand for personal finance solutions in under-banked markets with high GDP growth and low public/private debt.

IuteCredit is an experienced and active capital markets participant, having issued and matured multiple bonds. The company’s investor base includes both individual and institutional investors from Baltics and other countries as its two eurobond issues are listed on Frankfurt Stock Exchange Regulated Market.

Additional information:

Bond

Additional information:https://signetbank.com/wp-content/uploads/2025/05/250520-Iute-Credit-teaser-ENG.pdf

Term Sheet

Issuer

IuteCredit Finance S.àr.l. (Luxembourg)

Security type

Senior secured bonds

ISIN

XS3047514446

Offer type

Public and private offering

Key pledgors

 IuteCredit Finance S.à r.l. , Iute Group AS, O.C.N.”IUTE CREDIT”S.R.L., IuteCredit Albania SH.A, IuteCredit Macedonia DOOEL Skopje, and IuteCredit Bulgaria EOOD
 All group companies (except banks) with a Net Loan Portfolio of at least EUR 10,000,000

Issue size

Up to EUR 175,000,000

Coupon rate

11.00% – 12.50%, fixed
(min. coupon 11%, final coupon to be detemined at the end of subscription period and will be the same to all investors)

Coupon frequency

Semi-annual

Term

5.5 years

Principal repayment

Starting from the 5th year 7.5% principal redemption every quarter with 55% remaining at maturity

Nominal value

EUR 100

Minimum subscription

EUR 100

Use of proceeds

 Partially refinancing XS2378483494 bonds with maturity October 2026
 Refinancing of other existing liabilities
 General corporate purposes

Listing

 Frankfurt Stock Exchange
 Nasdaq Tallinn Regulated Market

Covenants

 Interest Coverage Ratio min 1.25x
 Capitalization Ratio at least 15%

Joint Lead Managers

Oppenheimer (USA); LHV Bank (Estonia)

Co-Manager

Signet Bank (Latvia)

Where to invest?