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General

Cellnex prices EUR 600 mln convertible bond issue

Tuesday 9 January 2018 | 10:01 CET | News
Spanish operator Cellnex Telecom has announced that its EUR 600 million convertible bonds issue has been initially priced at EUR 38,0829, representing a premium of 70 percent over the volume weighted average price of a share on the Spanish Stock Exchange at today's rates. The issuance, the first since the company's flotation in May 2015, is intended to allow Cellnex to increase its average debt maturity up to 6.4 years and to improve its average cost of borrowing to 2.2 percent, taking advantage of favourable market conditions. Cellnex added that its liquidity position will stand at EUR 2

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Categories: General
Companies: Cellnex
Countries: Spain
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