Bond issue

Invest in the long
game. Today.

Inbank subordinated bonds offering
30.10.2026-9.11.2026.

See prospectus

€10m

Volume. Can be increased to €20 million
if oversubscribed. The issue size may also
be reduced.

7%

Annual interest rate. Regular return
paid out quarterly.

10 years

Maturity. Inbank has the right to redeem
the bonds early after 5 years upon
EFSA permission.

Investor webinar

Join Inbank’s Investor Seminar, where CEO Priit Põldoja and CFO Marko Varik will present the company’s strategy, financial results, and future plans. This will be followed by a panel discussion featuring Priit Põldoja, CEO of Nasdaq Tallinn Kaarel Ots, Head of Investments at Avaron Peter Priisalm, and Chairman of Inbank’s Supervisory Board Erkki Raasuke. The discussion will explore the opportunities and challenges of going public from the perspectives of a company considering an IPO, an experienced listed company executive, an investor and the capital market. The seminar will conclude with a practical workshop led by Avaron, focusing on bond analysis and risk assessment.

Investor presentation

Inbank’s investor presentation provides an overview of the bank’s strategy, business, and financial results.

Download here

Key financials

In millions of euros

Read full reports

Inbank subordinated bond issue

The purpose of the capital raise is to refinance Inbank’s existing bonds and support continued growth in its loan portfolio.

Volume

The total volume of the issue is €10 million. In case of oversubscription, the volume may be increased up to €20 million. The issue size may also be reduced.

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 7%

We pay interest quarterly, giving investors the opportunity to earn regular income from their investment.

Oversubscription preference

In the event of oversubscription, priority may be given to clients, existing shareholders, bond investors, and institutional investors.

Listing and trading

Inbank will apply for the listing of its subordinated bonds on the Baltic Bond List of Nasdaq Tallinn Stock Exchange. 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 30 October and end at 3.30 pm on 9 November. The bonds will be issued on 13 November 2026 or a date near to that and are expected to be listed on the Nasdaq Tallinn Stock Exchange on or near 16 November 2026.

30.10

Subscription starts at 10 am

3.11

Investor seminar starts at 6 pm

9.11

Subscription ends at 3.30 pm

13.11

Bonds issued on 13 November or a date near to that

16.11

Expected first trading day

Prospectus

Please review the base prospectus and the final terms of the second series of bonds together with a summary for details.

See prospectus

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Questions and answers

The subordination of Inbank’s subordinated bonds means that, in the event of Inbank’s liquidation or bankruptcy, claims arising from these bonds will be satisfied only after all unsubordinated claims (e.g. deposits received, loans taken, and obligations to employees and suppliers) have been satisfied in full. In the order of priority of claims, only holders of Inbank’s Additional Tier 1 (AT1) bonds and Inbank’s shareholders rank below the holders of subordinated bonds. Investors in Inbank’s subordinated bonds must also consider the risk of write-down or conversion of liabilities (bail-in risk), which may materialise if resolution measures are applied to Inbank in the event of insolvency or other financial difficulties. If these risks materialise, investors may lose their entire investment.
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 10,000 additional bonds. This would raise the total volume of the issue to 20,000 bonds, amounting to €20 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 15 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.

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.

About Inbank

Inbank is on a mission to bring financing right to the point of sale – where everyday shopping happens. With more than 6,000 retailers in our network, we make financing easier, smarter, and more accessible for over 550,000 unique customers on our platform.

787 000+

Contracts with happy shoppers

6 000+

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 14 years of profitable growth, we are positioned for long-term success.

Make the smart investment

For any questions regarding the bond issue, please contact Inbank’s Investor Relations team at investor@inbank.eu.

Contact us