News

2021. 10. 11

LEXTAL Legal advised IuteCredit on a EUR 75 million bond issue

Estonian financial technology group IuteCredit has successfully accomplished EUR 75million issue of Senior Secured Corporate Bonds. There was an exempt offering to European institutional investors and public offer to retail investors in Estonia, Latvia, Lithuania, and Germany. The bonds are included on the Regulated Markets of both the Frankfurt Stock Exchange and the Nasdaq Tallinn Stock Exchange. 

GSK Stockmann SA (Luxembourg) performed as Global Legal Advisor and LEXTAL Legal as Baltics Legal Advisor. LEXTAL Legal has assisted IuteCredit in all legal matters related to this bond issue. LEXTAL Legal team was lead by LEXTAL partner Kristi Sild in Estonia, RER LEXTAL attorney Liene Pommere in Latvia and ILAW LEXTAL partner Džiuginta Balčiūnė in Lithuania.