Iute Group, through its wholly owned subsidiary IuteCredit Finance S.a r.l., has reported a delay in the June 2026 coupon payment on its 12% Senior Secured EUR 2025/2030 Bonds (ISIN: XS3047514446). The company stated that all obligations for the payment have been met and the required funds, approximately EUR 18 million, were transferred according to the established process. However, the payment has not yet been credited to all bondholders.
The delay appears to be related to the subsequent settlement process within international securities clearing systems, according to the company. 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. Iute is working with relevant parties to resolve the issue.
The payment structure has been in place since 2019 and has supported timely processing of all previous coupon and principal payments without comparable disruptions. The company will provide further updates as more information becomes available.
Iute Group is a digital banking group focused on everyday financial services in Southeast Europe. It operates in Albania, Bulgaria, Moldova, North Macedonia, and Ukraine, offering digital financial services including payments, banking, financing, and insurance intermediation through its Myiute app. The group finances its operations through equity, deposits, and secured bonds listed on the Frankfurt Stock Exchange and Nasdaq Baltic Main List.
More information is available on the company's website at www.iute.com. The original press release can be viewed at www.newmediawire.com.
