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

If you want to invest in this transaction, please contact your banker.

Where to invest?