Intrum leading the way

Nordics’ largest high yield issuer, Intrum, kicked off the month by announcing a fully underwritten rights issue of SEK 7.5 billion. This represents a substantial strengthening of the company’s balance sheet, and Intrum is one of the largest holdings in Vinga Corporate Bond. Intrum set the tone for the broader market, with bond prices rising in response. Activity in the primary market is also picking up, with the largest Nordic high yield bond ever issued placed by the Norwegian data centre company PolarDC. Demand was exceptionally strong, with the bond five times oversubscribed and an order book reaching an impressive EUR 2.9 billion.

Read Vinga Corporate Bond´s monthly report here: https://vingagroup.com/wp-cont...