DDM Debt completes Greek milestone transaction, doubling its Estimated Remaining Collections
DDM Debt AB (Nasdaq Stockholm: DDM2) announces that it has completed a milestone transaction in Greece. The total investment amounts to approximately EUR 50 million with Gross Estimated Remaining Collections (”ERC”) from the transaction exceeding EUR 100 million. The transaction will thereby more than double DDM Debt’s ERC at the end of the second quarter 2017.The large underlying portfolio consists of secured and unsecured retail and corporate receivables and has a nominal value of about EUR 1.3 billion. This is one of the first and largest transactions in the Greek non-performing loan