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