Frankfurt/Main, June 6, 2025
IUTE Credit, Tallinn, has successfully issued its new high yield corporate bond in the amount of EUR 140mln and a coupon of 12% p.a. This recent issue marks already the 3rd internationally placed EUR-corporate bond for the Group that specializes in consumer finance, payment services, banking, and insurance products with customers in Albania, Bulgaria, Moldova, and North Macedonia. Success for the transaction was secured by healthy demand from retail as well as institutional investors who also made use of the exchange offer for existing bondholders that preceded the placement. Bankhaus Scheich was part of an international banking syndicate and acted as orderbook-manager for Deutsche Börse’s subscription facility DirectPlace as well as selling & listing agent. The newly issued bonds will be included into trading on the Regulated Markets of Frankfurt & Tallinn from June 9, 2025 onwards. The net proceeds will enable IUTE Credit to optimize its balance sheet and set the course for further growth.