Pareto High Yield Daily-06/09/2026

Research evidence excerpt

Pareto High Yield Daily-06/09/2026

Pareto High Yield Daily

9 JUN 2026

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Sector Credit Research B3 Consulting Group AB (publ) – Contemplating a SEK 250m senior

secured bond issue Oslo Børs Benchmark 6 day change 1 993,1Last -0,51D% 1,21M% 21,76M% 25,812M%

• B3 Consulting Group is a Sweden-based provider of specialist IT and OMXSPIOSX 1 082,9102,5 -0,13,5 %% 0,81,8 %% 34,36,1 %% 71,212,9 %%

management consulting services, serving large enterprises Oil price 93,3 -1,0 % -7,9 % 50,6 % 39,1 %

• The Group is contemplating the issuance of up to SEK 250m senior secured iTraxx 5Y (generic) 262,9 -1 bps -5 bps 3 bps -9 bps

floating rate bonds (within a total framework of SEK 300m), with proceeds NIBOR 3m 4,60 -1 bps 12 bps 40 bps -3 bps

intended to refinance its outstanding SEK 250m bond maturing in 2027, NIBOR 3Y swap 4,81 -4 bps -3 bps 67 bps 67 bps

finance general corporate purposes including investments and capital NIBOR 5Y swap 4,61 -3 bps -3 bps 48 bps 54 bps

expenditures, and cover transaction costs STIBOR 3m 2,04 2 bps -1 bps 13 bps -23 bps

• Please note that Pareto Securities acts as Sole Bookrunner in the STIBORSTIBOR 3Y5Y swapswap 2,612,73 43 bpsbps 66 bpsbps 177 bpsbps 4642 bpsbps

contemplated transaction

US SOFR 3,63 2 bps 1 bps -30 bps -66 bps

DEAG – Q1’26 in line with expectations, outlook unchanged USUS SOFRSOFR 3Y5Y swapswap 3,993,99 00 bpsbps 2320 bpsbps 5749 bpsbps 2926 bpsbps

• We publish a comment on Q1 numbers today EURIBOR 3m 2,31 1 bps 9 bps 24 bps 36 bps

• DEAG reported Q1 2026 results in line with expectations, with revenue of EUR EURIBOREURIBOR 3Y5Y swapswap 2,872,91 -10 bpsbps 44 bpsbps 4733 bpsbps 6578 bpsbps

62.1m and EBITDA of EUR 2.1m reflecting the seasonally light first quarter