The Ono high yield bond issue has priced and is now closed, TelecomFinance has learned.
The Spanish cable operator had originally planned to raise E500m through the issue of eight-year senior unsecured notes but this was subsequently increased to E700m…
The Ono high yield bond issue has priced and is now closed, TelecomFinance has learned.
The Spanish cable operator had originally planned to raise E500m through the issue of eight-year senior unsecured notes but this was subsequently increased to E700m due to strong demand.
The book was closed today at noon CET, with the transaction described by bankers as a “huge success”. The bonds carry a coupon of 9% and priced at 101.4 to yield 8.875%.
Deutsche Bank, BoA Merrill Lynch, BNP Paribas, Credit Agricole, Societe Generale and Santander are bookrunners. The issue will be used to refinance senior bank debt maturing in 2013.
