Iute Group, through its wholly owned subsidiary IuteCredit Finance S.a r.l., announced a delay in the settlement process for the June 2026 coupon payment on its 12% Senior Secured EUR 2025/2030 Bonds (ISIN: XS3047514446). The company stated that all obligations have been fully met and the required funds, approximately EUR 18 million, were transferred in accordance with the established payment process. However, the coupon payment has not yet been credited to all bondholders, and Iute is working with relevant parties to resolve the issue.
According to the company, the funds were transferred through the established settlement infrastructure involving the paying agent, BPER Luxembourg SA, and Banque Internationale a Luxembourg (BIL), acting as the Luxembourg central securities depository. The delayed crediting appears to be related to the subsequent settlement process within the international securities clearing systems. The payment structure has been in place since 2019 and has supported timely processing of all previous coupon and principal payments without comparable disruptions.
Iute Group is a digital banking group focused on everyday financial services in Southeast Europe. Established in 2008 and headquartered in Estonia, it serves customers in Albania, Bulgaria, Moldova, North Macedonia, and Ukraine. The company provides digital financial services including payments, banking, financing, and insurance intermediation through the Myiute app and local operations. 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 company will provide further updates as additional information becomes available. The original release can be viewed at www.newmediawire.com.
