Government-controlled telco Swisscom has reportedly issued €500m (US$676m) in seven-year notes to be listed in Ireland.
The notes carry a coupon of 2% and priced at 99.054, 40 basis points over mid-swaps.
BNP Paribas, Deutsche Bank and RBS are…
Government-controlled telco Swisscom has reportedly issued €500m (US$676m) in seven-year notes to be listed in Ireland.
The notes carry a coupon of 2% and priced at 99.054, 40 basis points over mid-swaps.
BNP Paribas, Deutsche Bank and RBS are leading the offering, which is coming through the Swiss operator’s subsidiary Lunar Funding V, according to a newswire report.
In late August, its Italian unit Fastweb signed a €300m (US$399m) loan with the European Investment Bank to help fund the rollout of high-speed broadband and VDSL2-based networks nationwide.
The operator is still reeling from the shock death of its CEO Carsten Schloter in July, in an apparent suicide. The board has set up a nomination committee to hire a successor by the end of the year.
