Spanish cable operator Ono is planning to place E460m in euro/dollar-denominated senior notes due 2019 to redeem part of its existing debt, reported Telecompaper.
The group announced the successful completion of its E700m bond issue on 22 October, 2010,…
Spanish cable operator Ono is planning to place E460m in euro/dollar-denominated senior notes due 2019 to redeem part of its existing debt, reported Telecompaper.
The group announced the successful completion of its E700m bond issue on 22 October, 2010, priced with a 8.875% interest rate and bearing a December 2018 maturity.
According to Ono, the deal was launched on October 11 for a planned initial offering of E500m, but was increased by E200m to cater for market demand.
Announcing the bond’s completion, Ono said it marked a further step in its “refinancing roadmap that intends to address the company’s debt maturities and diversify its financing sources”.
The top-tier banks for the E700m bond were Deutsche Bank, BoA Merrill Lynch, BNP Paribas, Credit Agricole, Societe Generale and Santander.
Ono declined to comment about the recent speculation.
