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Intrum Shares And Bonds Bounce As CFO Talks Down Full Restructuring

FINANCIALS
  • Intrum bonds saw a decent bounce yesterday with their EUR 25s and EUR 26s rallying by close to 6 and 7 points respectively while their equity rallied by 9%.
  • The moves came after Intrum's interim CFO stated the company isn't seeking a full loan restructure.
  • “From our perspective, it’s not that we’re going to go out and propose a full loan restructure”
  • “We’re adapting a cash generating company’s point-in-time issue with the liability structure”

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