26 October 2021

GSK Stockmann advised AS luteCredit Europe on issuing EUR 75 million Senior Secured Corporate Bonds through its fully owned subsidiary IuteCredit Finance S.à r.l.

GSK Stockmann advised AS luteCredit Europe in connection with the public offer of EUR 75 million Senior Secured Corporate Bonds to investors in Estonia, Latvia, Lithuania and Germany through its fully owned subsidiary IuteCredit Finance S.à r.l.

IuteCredit was founded in 2008 in Estonia and specializes in consumer credit via their subsidiaries using equity and loan capital. The proceeds of the issue of the Bonds will be used by IuteCredit to finance growth in current and future markets and to refinance existing debt.

GSK Stockmann provided comprehensive legal advice to AS luteCredit Europe with a team led by Andreas Heinzmann and Valerio Scollo in Luxembourg. GSK Stockmann advised on the prospectus of the Bonds, the issue and listing of the Bonds and the granting of guarantees and security by IuteCredit group companies. The Bonds were admitted to trading on the Regulated Markets of both the Frankfurt Stock Exchange and the Nasdaq Tallinn Stock Exchange.

Advisers of AS IuteCredit Europe:

GSK Stockmann: Andreas Heinzmann, Valerio Scollo (both Capital Markets, both Lead); Associates: Hawa Mahamoud, Katharina Schramm, Julia Kaalikoski (all Capital Markets)


Press contact
Beate Dünschede
+352 271802-29


GSK Updates
  • 27.03.2023

    GSK Update: Hierarchy of Banks’ Liabilities

    Read more
  • 22.03.2023

    GSK Update: DLT Pilot Regime and Blockchain III Law

    Read more
  • 06.02.2023

    GSK Update: Corporate News: Mobility Directive soon to be transposed in Germany and Luxembourg

    Read more
Contact person

Andreas Heinzmann, LL.M. eur.


+352 271802-30


Valerio Scollo, LL.M. (NYU), LL.M. (NUS)

Local Partner

+352 271802-32


Hawa Mahamoud, LL.M.

Senior Associate

+352 271802-33


Katharina Schramm

Senior Associate

+352 271802-34


Julia Kaalikoski, LL.M.


+352 271802-361


© GSK Stockmann 2023