Debt buyer double as Hoist and Encore prep refinancings

By Owen Sanderson
11 Nov 2020

Debt purchasing firms Encore and Hoist launched new refinancing transactions on Wednesday, taking advantage of good market conditions to strengthen their capital structures ahead of a likely NPL flood next year.

Hoist Finance is distinct from most of Europe’s other debt buyers as it is a regulated bank, so subject to bank capital rules, and the only firm in the sector with an investment grade rating (Baa3).

Citi, Deutsche Bank and Nordea announced a €250m four year senior preferred ...

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