Iute Group, a leading European personal finance group, announced today that it is addressing delays in the settlement process related to the June 2026 coupon payment on its 12% Senior Secured EUR 2025/2030 Bonds (ISIN: XS3047514446). The company confirmed that all obligations for the payment have been fully met, and the required funds were transferred in accordance with the established payment process. However, the coupon payment has not yet been credited to all bondholders.
The funds required for the coupon payment, amounting to approximately EUR 18 million, were transferred according to the established process. The payment was subsequently 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 currently available information, the delayed crediting appears to be related to the subsequent settlement process within the international securities clearing systems.
Iute Group emphasized that the payment structure used for its bond program has been in place since 2019 and has supported the timely processing of all previous coupon and principal payments without comparable disruptions. The company is working with the relevant parties to support the completion of the payment process and will provide further updates as additional information becomes available.
This announcement comes as Iute Group continues to operate its digital banking services across Southeast Europe. The group, established in 2008 and headquartered in Estonia, serves customers in Albania, Bulgaria, Moldova, North Macedonia, and Ukraine through its Myiute app and local operations, offering 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 Frankfurt Stock Exchange and the Nasdaq Baltic Main List. More information is available at www.iute.com.
The original press release can be viewed at www.newmediawire.com.
