Intrum taps the 2023 MTN bond with SEK 900 million
Intrum has completed a tap issue of SEK 900 million to its outstanding 2023 MTN bond issued in June 2019 (ISIN: SE0011426295). The tap was placed at a price of 102.00 per cent indicating a rate of STIBOR 3m + 263 basis points. The tap is issued under the existing Swedish MTN programme and will be listed on Nasdaq Stockholm. Proceeds will be used to repay the existing RCF and the transaction is a part of the current refinancing strategy.
For further information, please contact:
Emil Folkesson, Group Treasury Director
Chief Brand & Communications Officer
+46 70 996 98 21
This information was submitted for publication, through the agency of the contact person set out above, at 18.30 CET on 19.08.22.
Intrum is the industry-leading provider of Credit Management Services with a presence in 24 markets in Europe. Intrum helps companies prosper by offering solutions designed to improve cash flows and long-term profitability and by caring for their customers. To ensure that individuals and companies get the support they need to become free from debt is one important part of the company’s mission. Intrum has more than 9,000 dedicated professionals who serve around 80,000 companies across Europe. In 2018, revenues amounted to SEK 13.4 billion. Intrum is headquartered in Stockholm, Sweden and the Intrum share is listed on the Nasdaq Stockholm exchange. For further information, please visit www.intrum.com.