New lute Group Fractional Bonds on Mintos

We’re excited to announce that we just launched new Fractional Bonds on Mintos! This is our first Fractional Bonds offer from lute Group, and there is a limited supply.

lute Group(issued through IuteCredit Finance S.à r.l) will offer bonds in the amount of up to €10 million. The proceeds from the bonds will be used to further diversify the company’s financing structure and to continue business development in new countries.

Key features of the Fractional Bonds:

  • Yield to maturity (YTM) for the initial listing: 12.488%1
  • Coupon rate: 11%2
  • Interest payments: every 6 months on April and October
  • Maturity date: 6 October 2026

Fractional Bonds on Mintos

Our initial offering significantly lowers the barrier to entry, enabling investments from as low as €50. Additionally, investors who wish to cash out early may do so on the Mintos Secondary Market.

Want to know more? If you’re new to the world of bonds and want to understand more about how they work, we’ve put together resources to help you get started and make informed investment decisions.

Do you have questions about Fractional Bonds on Mintos? You’re welcome to share your questions in the Fractional Bonds thread on the Mintos Community.

About Iute Group

Iute Group is a fintech company established in 2008 in Estonia. The Group specializes in consumer finance, payment services, banking, and insurance products. It serves customers in Albania, Bulgaria, Moldova, and North Macedonia. Iute Group finances its loan portfolios with equity, deposits, and secured bonds on the Regulated Market of the Frankfurt Stock Exchange and the Nasdaq Baltic Main List. The mission of Iute is to create an extraordinary experience in personal finance by exceeding customers’ expectations.

1 Future listings for this Fractional Bond might be offered at a different YTM
2 The Fractional Bonds are offered at a discount, hence the expected return for investors holding the investment till its maturity (YTM) is higher than the coupon rate of the underlying bond.


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