Romanian telco RCS&RDS reportedly aims to raise €350m (US$481m) in a bond issue on foreign markets next Tuesday (29 October).
Proceeds from the issue, to mature in 2020, will help refinance existing debt, according to Romanian news agency Mediafax…
Romanian telco RCS&RDS reportedly aims to raise €350m (US$481m) in a bond issue on foreign markets next Tuesday (29 October).
Proceeds from the issue, to mature in 2020, will help refinance existing debt, according to Romanian news agency Mediafax citing banking sources. The bond will be accompanied by a new term loan and a credit line.
JP Morgan is reportedly the global coordinator for the transaction, while the arrangers are Erste Group, Societe Generale and Unicredit.
A roadshow in Europe and the US will be held over the next few days, the report stated.
RCS&RDS was not immediately available for comment.
Earlier this year, Romanian media said the company – which provides mobile and fixed telephony, internet and cable TV services – had received shareholder approval to take out loans of up to €800m or its equivalent in another currency to refinance existing debt.
Cable Communications Systems Netherlands is RCS&RDS’ largest shareholder with an 88.54% stake. Romanian businessman Zoltan Teszari’s RCS Management owns nearly 60% of Cable Communications.
RCS&RDS operates in several eastern and southern European states, including Spain, Italy, Hungary, the Czech Republic and Serbia.
