Romanian cable operator RCS&RDS has postponed a US$200m bond issue due to poor market conditions, ZF reports quoting Standard & Poor’s.
Citibank was managing the placement of bonds, which were to mature in 2017.
RCS/RDS was founded in Romania in 2005…
Romanian cable operator RCS&RDS has postponed a US$200m bond issue due to poor market conditions, ZF reports quoting Standard & Poor’s.
Citibank was managing the placement of bonds, which were to mature in 2017.
RCS/RDS was founded in Romania in 2005 following the merger of Romania Cable Systems (RCS) and Romanian Data Systems (RDS), but operates across much of the Eastern European market. The company provides satellite TV, cable TV, broadband internet and mobile and landline telephony services, and is today the largest cable network and DTH platform operator in Romania
The company was not immediately available.
