Skip to main content

Outcome of the Additional Tier 1 bond subscription

Written by Customer Service on . Posted in Public Companies.

On Friday, 19 May 2023, the subscription period for AS Inbank Additional Tier 1 bonds (AT1 bonds) ended. Investors subscribed to bonds worth 11.1 million euros. Thus, the volume of the issue was oversubscribed by 1.9 times.

Since the initial volume of the issue of 6 million euros was oversubscribed, Inbank exercised the right to increase the volume of the issue to 11.1 million euros. On Monday, 22 May 2023, Inbank’s Management Board approved the final distribution of the issue, according to which 1110 bonds with a nominal value of 10,000 euros will be distributed to a total of 55 investors.

Marko Varik, CFO and Member of the Management Board of Inbank, comments on the results:

‘Investors’ interest in Inbank’s AT1 bonds was higher than expected, and we decided to increase the volume of the issue. The initial offering was nearly twice oversubscribed showing confidence in Inbank’s business model and growth plans. Also, by raising additional capital, we successfully fulfilled the goal of strengthening Inbank’s own funds position and covering the applicable capital requirements.’

Inbank is a financial technology company with an EU banking licence that connects merchants, consumers and financial institutions on its next generation embedded finance platform. Partnering with 5,400+ merchants, Inbank has 872,000+ active contracts and collects deposits across 8 European markets. Inbank Tier 2 bonds are listed on the Nasdaq Tallinn Stock Exchange.

Additional information:
Marko Varik
CFO, Member of the Management Board
marko.varik@inbank.ee
+372 5690 0286

Disclaimer & Cookie Notice

Welcome to GOLDEA services for Professionals

Before you continue, please confirm the following:

Professional advisers only

I am a professional adviser and would like to visit the GOLDEA CAPITAL for Professionals website.

Cookie Notice

We use cookies to improve your experience on our website

Information we collect about your use of Goldea Capital website

Goldea Capital website collects personal data about visitors to its website.

When someone visits our websites, we use a third party service, Google Analytics, to collect standard internet log information (such as IP address and type of browser they’re using) and details of visitor behavior patterns. We do this to allow us to keep track of the number of visitors to the various parts of the sites and understand how our website is used. We do not make any attempt to find out the identities or nature of those visiting our websites. We won’t share your information with any other organizations for marketing, market research or commercial purposes and we don’t pass on your details to other websites.

Use of cookies
Cookies are small text files that are placed on your computer or other device by websites that you visit. They are widely used to make websites work, or work more efficiently, as well as to provide information to the owners of the site.