Incumbent Portugal Telecom (PT) has priced €750m in 5.5-year notes at 99.47%, according to a spokesman.
The bond carries a coupon of 5.875%, and was issued through wholly-owned subsidiary PT International Finance BV.
With it, PT said it is now…
Incumbent Portugal Telecom (PT) has priced €750m in 5.5-year notes at 99.47%, according to a spokesman.
The bond carries a coupon of 5.875%, and was issued through wholly-owned subsidiary PT International Finance BV.
With it, PT said it is now refinanced until July 2016.
BofA Merrill Lynch, Barclays, BES Investimento, BNP Paribas, Caixa BI, Citigroup, HSBC and Mizuho were bookrunners on the transaction.
The notes were rated Ba2/negative by Moody’s, BB+/negative by S&P and BBB/negative by Fitch.
