Inbank is raising additional capital

Written by Customer Service on . Posted in Public Companies.

AS Inbank is issuing Additional Tier 1 bonds (AT1 bonds) through a private placement in April 2024.

Due to the complexity of AT1 bonds, they will not be offered publicly and the offer will be aimed only at selected investors. The purpose of raising capital is to strengthen the position of Inbank’s own funds and cover the capital requirements applicable to Inbank.

The subscription of AT1 bonds will take place from 12 April to 19 April 2024. Inbank will offer 200 AT1 bonds with a nominal value of EUR 10,000. Inbank has the right to increase or decrease the volume of the issue. 

The interest rate is 10% per annum, which is paid quarterly. AT1 bonds are perpetual and unsecured debt obligations to investors. Upon obtaining permission from the Financial Supervision Authority, Inbank has the right to redeem AT1 bonds in part or in full after 5 years have passed from their issue. Inbank will announce the results of the offer with a separate notice.

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 5,400 merchants, Inbank has 892,000 active contracts and collects deposits across 8 European markets. Inbank Tier2 bonds are listed on the Nasdaq Tallinn Stock Exchange.

Additional information:
Marko Varik
CFO
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.