Portuguese cableco Zon Multimedia plans to launch a public bond offering with an initial value of up to €100m (US$125.9m), although this may be increased up until 6 June.
Zon will issue the 100,000 bonds, with a nominal value of €1,000 each, on…
Portuguese cableco Zon Multimedia plans to launch a public bond offering with an initial value of up to €100m (US$125.9m), although this may be increased up until 6 June.
Zon will issue the 100,000 bonds, with a nominal value of €1,000 each, on 28 May, the company said in a statement.
The three-year bonds, which will be debt securities governed by Portuguese law, have a fixed interest rate of 6.85% per annum and mature on 19 June 2015.
The subscription period is set to run from 28 May to 14 June.
The bonds are set to be placed by BPI, global coordinator and co-leader for the transaction, fellow co-leaders Espirito Santo Investment Bank (BESI) and Banif Financial Group and underwriting banks, which include BPI, Banco Espirito Santo (BES), Banco Best, Banif, Banco Popular and Banco Bilbao Vizcaya Argentaria (BBVA).
Zon said a request has been made for the bonds to be listed for trading on the NYSE Euronext Lisbon.
