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General

MasMovil issues EUR 30 mln bonds, secures EUR 27 mln funding

Wednesday 13 July 2016 | 09:49 CET | News
Spanish operator MasMovil has announced the successful placement of EUR 30 million in bonds issued by its subsidiary MasMovil Broadband. The simple senior unsubordinated bonds will mature on 27 July 2024 at an annual coupon of 5.75 percent. The operator has also reached a deal with ZTE Espana for financing amounting to EUR 27 million, which will be added to the funds resulting from the bond issue to meet the objectives of MasMovil Broadband's medium term fixed broadband deployment.

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Categories: General
Companies: Masmovil
Countries: Spain
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