Debt buyer Axactor preps for 2021 NPL flood

Axactor, a Norwegian debt purchaser firm, has launched a refinancing of its €200m 2021 bond alongside a rights issue, and a clean-up of its capital structure, which will "increase its capacity for new investments in a highly attractive NPL market".
Lead managers ABG Sundal Collier, Arctic Securities, DNB Markets and Nordea launched the bond leg on Thursday, offering a €160m-€200m unsecured FRN issue at a price of 700bp over Euribor, under Nordic market documentation.
The company said it had “substantial pre-commitments” at this level, and that more than ...Already a subscriber? Login