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DDM Debt AB
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1 Dec 2017

DDM Debt has successfully placed EUR 50 million of senior secured bonds

NOT FOR RELEASE, PUBLICATION OR DISTRIBUTION IN WHOLE OR IN PART, DIRECTLY OR INDIRECTLY, IN AUSTRALIA, CANADA, THE REPUBLIC OF CYPRUS, HONG KONG, THE REPUBLIC OF ITALY, JAPAN, NEW ZEALAND, THE REPUBLIC OF SOUTH AFRICA, THE UNITED KINGDOM, THE UNITED STATES OR ANY OTHER JURISDICTION WHERE SUCH RELEASE, PUBLICATION OR DISTRIBUTION WOULD BE UNLAWFUL OR WOULD REQUIRE REGISTRATION OR ANY OTHER MEASURES.

DDM Debt AB (Nasdaq Stockholm: DDM2) announces that it 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 Debt AB (publ) 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.