Emerging markets-focused Millicom is offering US$500m in senior unsecured notes due 2020.
The telco will use the proceeds to refinance the debt of its African businesses in Chad, DRC, Ghana, Senegal and Tanzania, ratings agencies said.
In February, the…
Emerging markets-focused Millicom is offering US$500m in senior unsecured notes due 2020.
The telco will use the proceeds to refinance the debt of its African businesses in Chad, DRC, Ghana, Senegal and Tanzania, ratings agencies said.
In February, the Luxembourg-headquartered telco had begun a roadshow to assess the market’s appetite for an offering. However, the offering was put on ice due to merger discussions in Colombia.
Moody’s assigned a Ba2 rating to the notes, while Fitch prescribed BB+. The issuance will rank pari passu with all of Millicom’s other senior and unsecured debt.
