Iute Group, through its wholly owned subsidiary IuteCredit Finance S.a r.l., has announced that while all obligations for the June 2026 coupon payment on its 12% Senior Secured EUR 2025/2030 Bonds (ISIN: XS3047514446) have been fully satisfied, the payment has not yet been credited to all bondholders due to a delay in the settlement process. The company transferred the required funds—approximately EUR 18 million—in accordance with the established payment process, but the crediting has been held up within the international securities clearing systems.
According to the announcement, the payment was processed 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. Based on available information, the delay appears to be related to the subsequent settlement process within the international securities clearing systems. Iute Group is working with the relevant parties to support the completion of the payment process and will provide further updates as additional information becomes available.
The payment structure used for Iute’s bond program has been in place since 2019 and has supported the timely processing of all previous coupon and principal payments without comparable disruptions. This suggests that the current delay is an anomaly rather than a systemic issue. The company emphasizes that it has met all its obligations, and the funds are not in question.
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. Through the Myiute app and its local operations, Iute provides 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.
