Intrum has completed a tap issue of SEK 900 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