Iute’s bonds due 2030 have commenced trading on the Nasdaq Tallinn and the Frankfurt Stock Exchange following the recent EUR 140 million tap issue placed with European institutional investors. After the settlement, the outstanding bond volume of Iute’s bondsdue 2030 increased to EUR 300 million.
According to Tarmo Sild, CEO of Iute Group, an outstanding bond volume of EUR 300 million means that the bonds have now reached benchmark size in the international capital market. “We are now attracting a new category of institutional investors. Investors believein our long-term strategy to build a digital bank for everyday financial services in every market where we operate – and even more importantly, they believe in liquidity and yield,” said Sild.
“The message from investors to the Iute team is simple: you are now large enough, boys and girls. Once you have reached institutional scale, work harder and work smarter, because capital never sleeps,” the CEO added.
According to Sild, the capital raised will support the Group’s continued growth and the development of digital banking services across all Iute markets. “The proceeds will help us continue growing in our markets and to establish a EUR 300 million five-yearcornerstone of our capital base. Our high-yield bond listed on the Frankfurt and Nasdaq Tallinn Stock Exchanges matches the yield profile and duration of our loan portfolio, as well as our ambition to build a digital bank and financial superapp in every countrywhere we operate,” Sild explained.
The additional bonds have been admitted to trading on the Regulated Market of the Frankfurt Stock Exchange (General Standard) and on the Baltic Regulated Market of Nasdaq Tallinn Stock Exchange under the existing listings. “While the centre of gravity of ourfinancing has now clearly shifted towards institutional capital in the heart of Europe, we continue to value the opportunity to offer retail investors an attractive risk-return proposition,” said Sild. The tap issue brings the total outstanding volume of Iute’sEUR 2025/2030 senior secured bonds to the benchmark size of EUR 300 million.
In addition to international capital markets, Iute continues to diversify its funding sources through local capital markets. In May, Iute Group’s Albanian subsidiary successfully completed its third private bond offering, raising approximately EUR 5.6 million.The three-year bonds were issued in both euros and Albanian lek and attracted participation from institutional and retail investors alike. The successful transaction reflects Iute Group’s strong position in the Albanian capital market and supports the Group’sstrategy of diversifying funding sources through local capital markets.
Iute Group is a digital banking group focused on everyday financial services in Southeast Europe. Established in 2008 and headquartered in Estonia, Iute serves customers in Albania, Bulgaria, Moldova, North Macedonia, and Ukraine. Through the Myiute app andits local operations, Iute provides digital financial services including payments, banking, financing, and insurance intermediation. Iute Group finances its operations through equity, deposits, and secured bonds listed on the Regulated Market of the FrankfurtStock Exchange and the Nasdaq Baltic Main List.
