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Broadband

Multimedia Polska raises PLN 1 bln in bond issue

Monday 13 May 2013 | 16:11 CET | News
Polish cable operator Multimedia Polska has issued a PLN 1.038 billion bond. The issue was carried out by Polish bank Bank Pekao and the Polish branch of Raiffeisen Bank, and Unicredit CAIB Poland has acted as the advisor. Polish institutional investors OFE, TFI and banks were among those who acquired the bonds. The funds will be used for refinancing current obligations. The operator said it also plans to sign a PLN 500 million credit line in order to accelerate Polish cable market consolidation. Negotiations with banks on the issue should be completed within a few weeks. Multimedia Polska

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Categories: Fixed
Companies: Multimedia Polska
Countries: Poland
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