Debt buyer double as Hoist and Encore prep refinancings

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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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