on IuteCredit Finance S.Ã R.l. (isin : XS2378483494)
IuteCredit Tightens Interest Rate for New Bond Offering
IuteCredit Finance S.à r.l., a subsidiary of Iute Group, has adjusted the interest rate for its public offering of New Senior Secured EUR 2025/2030 Bonds. The bonds are available for subscription at an issue price of 100% per bond, featuring a fixed interest rate of 12% per annum.
The total bond volume offered could reach up to EUR 175 million, distributed across 1,750,000 bonds each valued at EUR 100. The subscription period concludes on 30 May 2025, with final interest rates and bond volumes to be announced around that date.
Fitch Ratings has assigned Iute Group a Long-Term Issuer Default Rating of B- with a stable outlook. The bonds are expected to be traded on the Frankfurt and Nasdaq Tallinn stock exchanges by early June 2025.
R. E.
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