30 September 2013

DDM has successfully closed an acquisition of a significant portfolio of Eastern European non-performing consumer loans. The seller was one of the largest banks in Europe.

DDM Group issued a three-year senior secured bond of SEK 500m in June 2013. Initial issued volume amounted to SEK 200m. Bond proceeds have been used to acquire assets from its investment pipeline. The acquired portfolios have already started to generate cash flow and are well balanced between DDM Group’s core markets, Russia and Romania.

In order to capitalise on increasing market activity, DDM Group has further strengthened its capital base, securing future financial flexibility to execute on its investment pipeline.

“The trend of increasing activity in the European market for non-performing loans is continuing, both in regards to larger portfolios as well as increasing number of portfolios coming up for sale. We currently experience a strong investment momentum and we have an interesting pipeline of new investment opportunities. The organisation is currently being strengthened to facilitate for growth", says Kent Hansson, Chairman of DDM Treasury Sweden AB. 

For more information, please contact:
K. Hansson, Chairman of DDM Treasury Sweden AB