Intrum successfully issues a seven year, EUR 800 million bond
Intrum has successfully issued a seven year EUR 800 million senior unsecured fixed rate bond with a coupon of 3.5 per cent (the “Notes”). Application will be made to list the Notes on the Securities Official List of the Luxembourg Stock Exchange. The offering of the Notes is expected to close on July 31, 2019, subject to customary closing conditions Proceeds will be used to refinance a EUR 300 million floating rate bond and a SEK 3 billion floating rate bond, both callable at par, issued in 2017 and with original maturity in 2022. The excess proceeds will be used to repay the RCF and the