Chicago, Sept. 2 – Sweden-based Intrum AB (Ba2/BB/BB) sold a SEK 1 billion issue of five-year floating-rate notes with a coupon of Stibor plus 330 basis points, according to a release.
Proceeds will be used to repay debt.
The notes are being issued under the company’s existing domestic medium-term note program.
The credit management company is based in Stockholm.
| Issuer: | Intrum AB
|
| Issue: | Floating-rate notes
|
| Amount: | SEK 1 billion
|
| Tenor: | Five years
|
| Coupon: | Stibor plus 330 bps
|
| Announcement date: | Sept. 2
|
© 2015 Prospect News.
All content on this website is protected by copyright law in the U.S. and elsewhere.
For the use of the person downloading only.
Redistribution and copying are prohibited by law without written permission in advance from Prospect News.
Redistribution or copying includes e-mailing, printing multiple copies or any other form of reproduction.
