Outcome of subscription to Inbank AT1 bonds
2024年4月30日 - 10:30PM
Outcome of subscription to Inbank AT1 bonds
On Friday, 19 April 2024, the subscription period for AS
Inbank Additional Tier 1 bonds (AT1 bonds) ended. Investors
subscribed to bonds worth 2.96 million euros resulting in an
oversubscription of 1.5 times the issue volume.
As the initial volume of the issue of 2 million euros was
oversubscribed, Inbank exercised the right to increase the volume
of the issue to 2.34 million euros. On Monday, 22 April 2024,
Inbank’s Management Board approved the final distribution of the
issue, according to which 234 bonds with a nominal value of 10,000
euros will be distributed to a total of 30 investors.
During the allocation process, Inbank prioritized its
shareholders and employees, ensuring their subscription orders were
fully accepted. Other applicants received allocations equivalent to
75% of their subscribed amount.
Inbank is a financial technology company with an EU banking
license that connects merchants, consumers and financial
institutions on its next generation embedded finance platform.
Partnering with 5,800 merchants, Inbank has 896,000+ active
contracts and collects deposits across 8 markets in Europe. Inbank
bonds are listed on the Nasdaq Tallinn Stock Exchange.Additional
information:Marko VarikCFO, Member of the Management
Boardmarko.varik@inbank.ee+372 5690 0286