Published on: 07 Aug 2019
IuteCredit Europe (“ICE”), a leading European personal finance group announces the settlement as of today as well as the listing of a 4-year corporate bond (ISIN: XS2033386603) in the Open Market of the Frankfurt Stock Exchange.
IuteCredit issued EUR 40 million of senior secured bonds at par with an interest rate of 13% and term until 2023. The new bonds were listed on the Open Market of the Frankfurt Stock Exchange on 25 July 2019 within the so-called “trading on terms of issue”. Inclusion of the bonds into the EU-Regulated Market is expected within six months.
“The initial listing of our bond at the Frankfurt Stock Exchange marks a milestone in pursuing our mission to create the extraordinary experience in personal finance by exceeding customers’ expectations. Living up with the trust placed in the sustainability of our business model by investors subscribing our first-time Euro bond, we want to pursue a correspondingly intensive capital market communication”, said Tarmo Sild, Group CEO of IuteCredit.
IuteCredit will publish the report on the first six months of 2019 on 22 August 2019.