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General

Cellnex prices EUR 450 mln seven-year bond

Friday 10 January 2020 | 08:53 CET | News
Spanish infrastructure operator Cellnex Telecom has completed the pricing of a EUR 450 million seven-year bond issue, maturing in April 2027. The bond has a coupon rate of 1 percent and its proceeds will be used for general corporate purposes, said Cellnex in a statement to Spain's securities market regulator CNMV. The company added that it issued the bond to take advantage of favourable market conditions, lower its average cost of debt and increase its average maturity.

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Categories: General
Companies: Cellnex
Countries: Spain
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