Signet Bank AS Antonijas street 3, Riga, LV 1010, Latvia
Phone: +371 67 080 000 Fax: +371 67 080 001 E-mail: [email protected]
Monday to Friday 9:00 a.m. – 17:30 p.m
Established in 2008, IuteCredit is one of the leading European consumer lending companies.
IuteCredit operates in 4 countries – Moldova, Albania, North Macedonia and Bosnia and Herzegovina with 36 branches, 580+ post offices with more than 2,390 point of sales (retailers).
Business model is built around high demand for personal finance solutions in under-banked markets with high GDP growth and low public/private debt.
Company is founded and located in Estonia. Management consists of IuteCredit founders and more than 370 full-time employees.
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 the EUR 50m eurobond is listed on Frankfurt Stock Exchange Regulated Market.
Additional information:
https://iutecredit.com/investor-relations/https://www.boerse-frankfurt.de/bond/xs2033386603-iutecredit-finance-s-a-r-l-13-19-23
IuteCredit Finance S.à r.l.
Non bank financing
Private placement
Senior secured
EUR 50 000 000
13%
Semi-annual
97%
07.08.2023 (bullet)
Make whole until 07.08.2021, after @106.50% until 07.08.2022, after @103.25% until maturity
EUR 1 000
EUR 100 000
Interest coverage ratio at least 1.50x Capitalization ratio at least 15%
Refinancing
Signet Bank AS
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