Bond issue
Invest in Inbank's growth
Inbank subordinated bonds offering
23.09.2025-3.10.2025.
€5m
Volume. Can be increased to 10 million euros
if oversubscribed.
6.25%
Annual interest rate. Regular return
paid out quarterly.
10 years
Maturity. Premature redemption possible
after 5 years upon EFSA permission.
Investor webinar
Join Inbank CEO Priit Põldoja and CFO Marko Varik as they present Inbank’s strategy, financial results, and the ongoing bond issue. The session also includes insights from Erkki Raasuke, Chairman of the Supervisory Board, who shares his investment strategy and his experience with bonds.
Investor presentation
Inbank’s investor presentation provides an overview of the bank’s strategy, business, and financial results.
Download hereKey financials
In millions of euros
€195.6m
Originated volume
€21.1m
Total income
€3.9m
Net profit
Inbank subordinated bond issue
The purpose of raising capital is to strengthen our capital base and thereby contribute to Inbank’s international growth.
Volume
The total volume of the issue is €5 million. In case of oversubscription, the volume may be increased up to €10 million.
Term
The bonds have a 10-year maturity. Inbank reserves the right to redeem them prematurely after 5 years, subject to approval by the Financial Supervision Authority.
Nominal value
Each bond is offered at a nominal value of €1,000.
Annual interest
The bonds carry a fixed 6.25% annual interest rate, paid quarterly offering investors a regular and predictable return.
Oversubscription preference
In the event of oversubscription, priority may be given to clients, existing shareholders, bond investors, and institutional investors.
Listing and trading
Application has been made to list Inbank’s subordinated bonds are listed on the Nasdaq Tallinn Stock Exchange under the Baltic Bond List. If listed, the bonds will be freely tradable, enabling investors to buy and sell them on the regulated market.
Timeline
The subscription of Inbank's bonds will start at 10 am on 23 September and end at 4 pm on 3 October. The bonds will be issued on 9 October 2025 or a date near to that and are expected to be listed on the Nasdaq Tallinn Stock Exchange on or near 10 October 2025.
Prospectus
Please review the base prospectus and the final terms of the first series of bonds together with a summary for details.
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Questions and answers
To subscribe to Inbank bonds, you need a securities account, which can be opened with any major Estonian bank that is an account operator of Nasdaq CSD, can be found on the following address: https://nasdaqcsd.com/estonia/en/list-of-participants/. Please note that it is not possible to open a securities account directly with Inbank.
All private investors and companies in Estonia are eligible to subscribe to the bonds at issue. To do so, you need a securities account, which can be opened with any major Estonian bank that is an account operator of Nasdaq CSD.
In the event of oversubscription, Inbank may increase the size of the offer by issuing up to 5,000 additional bonds. This would raise the total volume of the issue to 10,000 bonds, amounting to €10 million in total.
Yes. Inbank withholds 22% income tax on interest payments made to Estonian residents who are natural persons.
If you acquire the bonds from the funds held in the investment account or pension investment account and wish to defer your income tax liability, please submit the application available on Inbank’s website at least 10 working days before the interest payment date. This ensures that Inbank pays the interest in full without withholding tax. A new application must be submitted for each new bond, indicating all the bonds (including those already covered by a previous application). Each new application replaces the application(s) submitted earlier.
Income tax is not withheld from interest payments made to legal entities and non-residents.
The subordination of Inbank subordinated bonds means that in the event of the liquidation or bankruptcy, any claims resulting from those bonds will only be settled after all unsubordinated claims (for instance, deposits received, loans taken or obligations towards staff and suppliers) have been settled in full. In the order that claims are settled, only Inbank Additional Tier 1 bonds (AT1 bonds) investors and shareholders rank behind holders of Tier 2 subordinated bonds. Subordinated bonds are also subject to bail-in risk which could materialize if Inbank became subject to a recovery and resolution plan in the event of insolvency and other difficulties.
About Inbank
Inbank is on a mission to bring financing right to the point of sale – where everyday shopping happens. With more than 5,700 retailers in our network, we make financing easier, smarter, and more accessible for over 650,000 unique customers on our platform.
931 000+
Contracts with happy shoppers
5 700+
Retailers with fully integrated seamless financing
8
Markets across Europe and quickly expanding
Our success factors
We’re born in Estonia, one of the world’s most digital economies and we're geared up to disrupt the European market.
Focused
Backed by a diverse network of retail partners, our mission since 2010 has been to support our partners in growing their businesses while ensuring consumers have easy access to financing.
Entrepreneurial
With a sky’s-the-limit mindset and a proven track record of successful joint ventures, we embrace new ideas, leverage emerging trends, and consistently explore new markets for growth.
Tech-driven
Our fully embedded, flexible platform is built on scalable proprietary technology and next-generation underwriting – a formula that consistently delivers success.
Viable
Holding a banking license since 2015, we have access to EU deposit markets and bonds listed on the Nasdaq Baltic Stock Exchange. With 13 years of profitable growth, we are positioned for long-term success.
Make the smart investment
If you have any questions about the bond issue, please reach out to us by emailing investor@inbank.eu.
Contact us