Iute Group, through its wholly owned subsidiary IuteCredit Finance S.a r.l., announced today that the June 2026 coupon payment on its 12% Senior Secured EUR 2025/2030 Bonds (ISIN: XS3047514446) has not yet been credited to all bondholders, despite the company having transferred the required funds. The coupon payment, amounting to approximately EUR 18 million, was transferred in accordance with the established payment process, but delays occurred in the subsequent settlement process within the international securities clearing systems.
The company stated that all obligations in connection with the June 2026 coupon payment have been fully met. The funds were processed through the settlement infrastructure involving the paying agent, BPER Luxembourg SA, and Banque Internationale a Luxembourg (BIL), acting as the Luxembourg central securities depository. Based on available information, the delayed crediting appears to be related to the subsequent settlement process within international clearing systems.
Iute Group is working with the relevant parties to support the completion of the payment process. The payment structure used for Iute's bond program has been in place since 2019 and has supported timely processing of all previous coupon and principal payments without comparable disruptions. The company will provide further updates as additional information becomes available.
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. The group finances its operations through equity, deposits, and secured bonds listed on the Regulated Market of the Frankfurt Stock Exchange and the Nasdaq Baltic Main List. More information can be found at www.iute.com. The original press release is available at www.newmediawire.com.
This announcement is significant for bondholders and investors monitoring Iute Group's financial obligations, as any delay in coupon payments can affect bond pricing and investor confidence. The company's proactive communication about the issue and its resolution efforts are critical for maintaining transparency and trust in its debt instruments.
