Intrum - comment

94.4 c/€ is the price at which Intrum uses its tenders for notes from the stash provided by the New Money Notes that’s currently in escrow. It’s a small tender, covering ~ 15% of the Notes at three points premium to current prices. So we expect a mere 0.5% drop in the remaining bonds on the back of this, which - all else equal - should keep them in the 90s.