Iute Group Confirms Funds Sent for June 2026 Bond Coupon Payment, Settlement Delayed

June 15th, 2026 9:24 PM
By: Newsworthy Staff

Iute Group's subsidiary has transferred EUR 18 million for the June 2026 coupon on its 12% bonds, but a settlement delay has prevented crediting to some bondholders; the company is working with paying agents to resolve the issue.

Iute Group Confirms Funds Sent for June 2026 Bond Coupon Payment, Settlement Delayed

Iute Group, a European personal finance group operating through its wholly owned subsidiary IuteCredit Finance S.a r.l., announced on June 15, 2026, that it has fully met its obligations for the June 2026 coupon payment on its 12% Senior Secured EUR 2025/2030 Bonds (ISIN: XS3047514446). The required funds, approximately EUR 18 million, were transferred according to the established payment process. However, the coupon payment has not yet been credited to all bondholders due to a delay in the settlement process.

The company stated that the payment was processed through the established infrastructure involving the paying agent, BPER Luxembourg SA, and Banque Internationale a Luxembourg (BIL), which acts as the Luxembourg central securities depository. Based on available information, 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 previously supported timely processing of all coupon and principal payments without comparable disruptions.

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 company 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. For more information, visit the company's website at www.iute.com.

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