Inmarsat has placed US$650m convertible bonds and may launch a further benchmark offering this year to cut financing costs and improve its debt maturity profile. The bulk of the proceeds from the convertibles, marketed by joint bookrunners Credit Suisse and JP Morgan Cazenove, will be used to repurchase the MSS operator’s US$287.7m outstanding 1.75% convertibles due next year. Inmarsat (LON:ISAT) has […]
