Tele2 has issued a SEK500m (US$59m) bond under its EMTN programme. The issue has a final maturity of three years with a floating rate coupon.
Tele2 (STO:TEL2) has issued a SEK500m (US$59m) bond in the Swedish bond market. The issue has a final maturity of three years with a floating rate coupon.
The bond is issued under the company’s euro medium term notes (EMTN) programme and will not be listed.
In mid-January, Tele2 signed an €800m RCF and announced a new CFO and country heads. It has also launched 4G in Croatia and acquired spectrum in Lithuania this year.
Last year, Tele2 launched a 4G network in the Netherlands, agreed a mobile joint venture in Kazakhstan and welcomed a new CEO, Alison Kirkby.
Tele2 is 30% owned by Swedish investment firm Kinnevik, which also owns 38% of Millicom.
The company reported FY 2015 net sales of SEK27bn (US$3.2bn), with an EBITDA of SEK5.8bn (US$681m).