Debt Investors

illimity aims to secure a solid and well-diversified funding base to support the growth of its business over the next few years, which expects to reach total assets of around 10 billion euro in 2025.

Rating

On November 17, 2021, the international Agency Fitch Ratings upgraded the Bank's Long-Term Issuer Default Rating (IDR) to “BB-" (previously "B+") and the Viability Rating (VR) to “bb-" (from "b+") with Stable Outlook.

Fitch Ratings
IDR
(Outlook)
STR
VR
Publishing date
BB-
(Stable)
B
bb-
17/11/2021

Bonds

In December 2020, illimity completed its first bond issue: placed a senior preferred bond with a 3-year maturity for a total amount of 300 million euro.
In July 2021, the Bank placed its first subordinated class 2 (Tier 2) bond with a 10-year maturity, and a 5-year call option, for a total amount of 200 million euro.
In December 2022, illimity completed its second bond issuance: placed a senior preferred bond with a 3-year maturity for a total amount of 300 million euro.

Bonds
Type of bond
Maturity
ISIN
Coupon
Listing
Senior Preferred
3 years
XS2270143261
3.375%
Euronext Dublin
Tier 2
10 years
XS2361258317
4.375%
Euronext Dublin
Senior Preferred
3 years
XS2564398753
6.625%
Luxembourg

EMTN Programme

In September 2019, illimity entered the institutional bond market through the EMTN - Euro Medium Term Notes Programme on the Irish Stock Exchange (ISE). Currently, the Stock Exchange of the Programme is the Luxembourg Stock Exchange (LuxSE).
The documents relating to the Programme are available in the sections below.

See documentation