Commentary & Deal Flow

Axactor SE (AXANO) has mandated Arctic Securities, DNB Markets and Nordea as Joint Lead Managers to arrange a series of fixed income investor calls commencing Monday (in Norwegian at 1pm CET Mon 08/30 and in English at 1pm CET Wed, 09/01). An up to EUR300m 5-year senior unsecured Nordic bond issue rated B3/B (positive/stable) may follow, subject to inter alia market conditions. UOP: repay its existing EUR140m bond held by its largest shareholder Geveran Trading Co Ltd, repay different EUR40m Italian loan facilities, and GCP. Biz: debt purchaser and debt collection in Europe. HQ: Oslo, Norway.