Frankfurt am Main, 27 November 2020.
IuteCredit Europe (“ICE”), a leading European personal finance group, successfully placed a EUR 10 million tap issue of its Senior Secured Corporate Bonds 2019/2023 (XS2033386603) at 97% plus accrued interest. Settlement is expected to take place on 3 December 2020. The bonds will be listed on the Regulated Market (General Standard) of the Frankfurt Stock Exchange shortly after settlement, subject to final approval of the prospectus by the Commission de Surveillance du Secteur Financier (CSSF) in Luxembourg.
Upon completion of the tap issue, the total outstanding amount of the 13% corporate bonds of IuteCredit 2019/2023 (XS2033386603) will be EUR 50 million.
KNG Securities LLP (UK) acted as lead manager with GOTTEX Brokers SA (Switzerland) and Signet Bank AS (Latvia) as co-managers. Adamant Capital Partners AD (Bulgaria) and Bankhaus Scheich Wertpapierspezialist AG (Germany) accompanied the offering as sales agents. Aalto Capital (Germany) acted as financial advisor and global coordinator to the Group.