Intrum amps up refi bond as investors devour double-B issues

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By Karoliina Liimatainen
10 Sep 2019

Swedish credit management company Intrum this week completed a €850m issue of new senior notes, pricing at 3% and increasing the size of the offering from the initial €750m. UK-based gambling giant International Game Technology also dipped into the “most issuer-friendly market ever” with €500m bond.

Both companies are using the proceeds to pay off existing debt — a re-run of their refinancing rounds this summer. Intrum barely bothered to take a breather, having just finished an €800m bond issue at the end of July. IGT also tapped the market recently with a €500m ...

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