Bond issue

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.

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.

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.

Income tax is not withheld from interest payments made to legal entities and non-residents.