Iute Group, a leading European personal finance group, through its wholly owned subsidiary IuteCredit Finance S.a r.l., has addressed 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 coupon payment have been fully met, with the required funds 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.
The funds required for the coupon payment, amounting to approximately EUR 18 million, were transferred as per the standard procedure. The payment was then processed through the established settlement 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 delay appears to stem from the subsequent settlement process within the international securities clearing systems.
This payment structure has been in use since 2019 and has facilitated the timely processing of all previous coupon and principal payments without comparable disruptions. The company emphasized that it is committed to supporting the completion of the payment process and will provide further updates as additional information becomes available.
The delay highlights the complexities of cross-border bond payments, where multiple intermediaries are involved. Bondholders are advised to monitor communications from their custodians and the paying agent. Iute Group’s bonds are listed on the Regulated Market of the Frankfurt Stock Exchange and the Nasdaq Baltic Main List, and the company maintains a digital banking focus in Southeast Europe. For more details, refer to the original release on NewMediaWire.
