RCS&RDS completes refinancing operation

Thursday 27 October 2016 | 12:38 CET | News
RCS&RDS and its parent company Cable Communications Systems completed a refinancing operation of the RCS&RDS Group through a bond issue of EUR 350 million and a syndicated loan of up to RON 1.687 billion, RCS&RDS announced. This is the first time the operator is personally announcing details about a refinancing operation. The operator said it cut its interest costs by a third following this refinancing operation. The bond issue worth EUR 350 million was done with 2023 maturity and an annual interest of 5 percent. The bond issue is guaranteed by RCS&RDS. The date of the issue of bonds is 26

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Categories: General
Companies: BT / ING Bank / RCS & RDS / Societe Generale
Countries: Romania
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