Inbank’s 6.25% subordinated bonds were oversubscribed 4.3 times

In total, 935 investors participated in the issue, subscribing for subordinated bonds worth 21.6 million euros.

Priit Põldoja, CEO of Inbank, comments:

“I am pleased to see such strong interest in Inbank’s subordinated bond issuance and would like to thank all investors for their trust in Inbank and our growth strategy. The issued bonds strengthen Inbank’s capital base and support the execution of our strategy across all five of our markets, enabling us to continue international growth and to invest in innovative technologies and new products that create added value for both merchants and customers.”

Marko Varik, CFO of Inbank, comments:

"It’s encouraging to see the interest in the issuance from both existing and new investors, including Inbank employees and institutional investors. The strong demand for Inbank’s bond issue confirms that Inbank’s clear strategy and solid results resonate with an increasingly wide range of market participants.”

The Management Board of Inbank decided to allocate the subordinated bonds based on the following principles:

• All subscription orders of the same subscriber were summed up;

• All subscription orders above 1,500,000 euros were reduced to 1,500,000 euros;

• All subscription orders in the amount of 2,000 euros were accepted in full;

• Employees of Inbank group, shareholders of AS Inbank and institutional asset managers were allocated 62% of the amount subscribed exceeding 2,000 euros;

• All other investors were allocated 31.24% of the amount subscribed exceeding 2,000 euros;

• Rounding was used to determine the whole number of the bonds.

The bonds will be transferred to the investors’ securities accounts presumably on 9 October 2025 and will be admitted to trading on the Baltic Bond List of Nasdaq Tallinn Stock Exchange on or about 10 October 2025.

As a result of the issue, Inbank issued subordinated bonds with a nominal value of 1,000 euros and an interest rate of 6.25% per annum. The maturity date of the bonds is 10 years. Inbank has an early redemption right after 5 years subject to permission from the Estonian Financial Supervision and Resolution Authority.

Interest will be paid quarterly, with the first payment scheduled for December 2025. Retail investors who purchased Inbank’s bonds in their investment accounts to defer income tax can complete the relevant application on Inbank’s website: https://inbank.eu/investors/bonds/application

The public offering of Inbank’s subordinated bonds took place from 23 September to 3 October 2025. This was the first series under Inbank’s bond programme launched in September this year, which allows the bank to issue up to 60 million euros in bonds over a period of 40 months.