Multitude Bank Places €50M AT1 Capital Bonds to Support Digital Lending

Multitude Bank p.l.c., a wholly owned subsidiary of listed European fintech Multitude AG, completed bookbuilding for EUR 50 million in floating rate perpetual Additional Tier 1 capital bonds on Nov 6, 2026. The bonds were issued at par and carry a coupon of three-month EURIBOR (with a zero floor) plus 9.00% per annum, payable quarterly. The bonds are perpetual, with a first call date five years after issuance, subject to regulatory approval.

Fitch Ratings is expected to assign a B- rating. Settlement is expected on or about Nov 13, 2026, with the bonds intended to be listed on a regulated market within six months and on the Frankfurt Stock Exchange Open Market within 60 days. Pareto Securities AB and DNB Carnegie Investment Bank AB acted as joint bookrunners.

Net proceeds will strengthen Multitude Bank's capital base and support general corporate purposes.