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DDM Holding AG
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7 Apr 2017

DDM Debt has successfully completed a EUR 35 million tap issue, continuing to lower its cost of funding

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DDM Debt AB (Nasdaq Stockholm: DDM2) announces that it has successfully issued an additional EUR 35 million under its EUR 85 million senior secured bond framework (ISIN: SE0009548332). The purpose of the bond tap issue is to support continued strong growth.

The bond tap issue has been placed at a price of 101.50 per cent of the nominal amount, indicating a yield to maturity of c. 9 per cent. After the tap issue, the total outstanding amount of the company’s bond loan will total EUR 85 million.

Fredrik Olsson, CFO of DDM said “We have now issued additional corporate bonds in the Nordic bond market in order to support upcoming portfolio acquisitions. We are very pleased that the issue was so well received amongst Nordic institutional investors, supporting a price above par at 101.5 per cent, continuing to lower DDM’s funding cost.”

Carnegie Investment Bank acted as financial advisor and Roschier acted as legal advisor in conjunction with the bond issue.

This is information which DDM Debt AB 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 7 April 2017.