DDM Debt has successfully placed EUR 50 million of senior secured bonds

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DDM Debt AB (Nasdaq Stockholm: DDM2) announces that it has successfully placed EUR 50 million of senior secured bonds in the Nordic market, continuing to significantly lower its cost of funding.  

The net proceeds will be used to acquire additional debt portfolios. The offering attracted very strong demand from the Nordic investor base where institutional demand dominated the well oversubscribed order book. The bonds will be issued with final maturity in December 2020, paying a fixed coupon of 8%, and the company intends to list the bonds on Nasdaq Stockholm.

Fredrik Olsson, CFO of DDM said “We are very pleased with the continued support and interest from investors across the whole of the Nordic region. The new bonds will enable DDM to acquire more debt portfolios, supporting the Group’s continued strong growth. The coupon rate of 8% continues to significantly lower our cost of funding, and reflects the important steps that DDM has made during 2017 to grow and develop the company”

Carnegie Investment Bank acted as financial advisor and Roschier acted as legal advisor in conjunction with the issue.

This is information which DDM Debt AB (publ) is obliged to make public pursuant to the EU Market Abuse Regulation. The information was submitted for publication, through the agency of the contact person set out below, at 18:00 CET on 1 December 2017.

For more information, please contact:

Mats Hedberg, Investor Relations Manager
Mail: investor@ddm-group.ch | Tel: +46 70 730 81 27

DDM Debt AB (publ) (Nasdaq Stockholm: DDM2) is a wholly owned subsidiary of DDM Holding AG . DDM Holding AG (First North: DDM) is a multinational investor in and manager of distressed assets. Since 2007, the DDM Group has built a successful platform in Southern, Central and Eastern Europe, currently managing 2.3 million receivables with a nominal value of over EUR 3.5 billion.

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DDM Debt AB (publ) (Nasdaq Stockholm: DDM2) is a subsidiary of DDM Holding AG (First North: DDM) a multinational investor in and manager of distressed assets, offering the prospect of attractive returns from the expanding Southern, Central and Eastern Europe market. Since 2007, the DDM Group has built a successful platform in Southern, Central and Eastern Europe, currently managing 2.3 million receivables with a nominal value of over EUR 3.5 billion. For sellers (banks and financial institutions), management of portfolios of distressed assets is a sensitive issue as it concerns the relationship with their customers. For these sellers, it is therefore critical that the acquirer handles the underlying individual debtors professionally, ethically and with respect. DDM has longstanding relations with sellers of distressed assets, based on trust and the Company’s status as a credible acquirer. The banking sector in Southern, Central and Eastern Europe is subject to increasingly stricter capital ratio requirements resulting in distressed assets being more expensive for banks to keep on their balance sheets. As a result, banks are increasingly looking to divest portfolios of distressed and other non-core assets. DDM Holding AG, the Parent Company, is a company incorporated and domiciled in Baar, Switzerland and listed on Nasdaq First North in Stockholm, Sweden, since August 2014.