DDM has successfully placed EUR 50 million of senior secured bonds
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DDM Holding AG (First North: DDM) announces that one of its wholly owned indirect subsidiaries, DDM Debt AB (publ), 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 Holding AG 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 visit DDM’s website at www.ddm-group.ch or contact:
Mats Hedberg, Investor Relations Manager
Mail: investor@ddm-group.ch | Tel: +46 70 730 81 27
DDM Holding AG (Nasdaq First North, Stockholm: 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. DDM Debt AB (publ) (Nasdaq Stockholm: DDM2) is a wholly owned subsidiary of DDM Holding AG. Erik Penser Bank is DDM Holding AG’s Certified Adviser.
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