AS Inbank To Prematurely Redeem All 450 Inbank AT1 Bonds
News related to:AS Inbank · 1 min read
AS Inbank, a financial technology company with an EU banking license, has announced it will prematurely redeem all 450 of its Additional Tier 1 bonds, each with a nominal value of €10,000, issued on 1 November 2021 and registered under ISIN code EE3300002286. The bonds, known as Inbank AT1 Bonds, are listed on the Nasdaq Tallinn Stock Exchange.
According to the terms and conditions of the Inbank AT1 Bonds, the early redemption is permitted after 1 November 2026, provided that investors are notified at least 30 days in advance and with the prior consent of the Estonian Financial Supervision and Resolution Authority. The Estonian Financial Supervision and Resolution Authority granted its consent to the redemption by its Management Board resolution dated 31 August 2026.
Inbank will redeem all 450 Inbank AT1 Bonds, with a total nominal value of €4,500,000. Bondholders will receive the full nominal value of their bonds, along with accrued and unpaid interest up to the redemption date. The total amount payable per bond will be €10,070.83. The redemption payment date will be on 2 November 2026, and the list of bondholders will be fixed on 30 October 2026, at the end of the business day of the Nasdaq CSD settlement system (the record date).
Inbank, which partners with more than 6,200 merchants and has 807,000+ active contracts across seven markets in Europe, is a financial technology company that connects merchants, consumers, and financial institutions on its next-generation embedded finance platform. The company's decision to redeem the bonds is a significant financial move that will affect its capital structure and potentially its future operations.
The early redemption of the Inbank AT1 Bonds is a strategic decision that reflects the company's financial health and its ability to manage its capital structure effectively. This move will likely have implications for Inbank's financial reporting and regulatory compliance, as well as for the bondholders who will receive their funds on the redemption date.