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General

CWC to issue USD 750 mln in bonds to fund Columbus buy

Monday 3 August 2015 | 11:51 CET | News
Cable & Wireless Communications Plc (CWC) has announced that its finance subsidiary Sable International Finance Limited will be issuing USD 750 million in senior notes due in 2022. The notes will bear interest at 6.875 percent per annum and are expected to be issued on 05 August. CWC said proceeds from the notes will be used to repay bridge loans taken out to fund its recent EUR 1.85 billion acquisition of Columbus International.

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Categories: General
Companies: Cable & Wireless Communications / Columbus International
Countries: Caribbean
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