0
General

Vodafone to raise GBP 2.9 bln in convertible bond issue

Thursday 18 February 2016 | 08:39 CET | News
Vodafone announced plans to raise GBP 2.9 billion in an issue of convertible bonds. The bonds will be issued in two tranches, with maturities of 18 months and three years, and will be convertible into shares equal to around 5 percent of Vodafone's current outstanding total of shares. Vodafone said it may buy back some of the shares after conversion, in order to reduce the dilution of EPS. It will also use an option strategy to hedge its exposure to share price movements during the term of the bonds. The initial conversion price of the bonds is expected to be the higher of GBP 2.1730

Thank you for visiting Telecompaper

Sign up below to get access to the rest of this article and all the telecom news you need.

  • Register free and gain access to even more articles from Telecompaper. Register here
  • Subscribe and get unlimited access to Telecompaper’s full coverage, with a customised choice of news, commentary, research and alerts.

Subscriptions

Already registered?



Free Headlines in your E-mail

Every day we send out a free e-mail with the most important headlines of the last 24 hours.

Subscribe now

Categories: General
Companies: Vodafone
Countries: World
::: add a comment

Add comment

We welcome comments that add value to the discussion. We attempt to block comments that use offensive language or appear to be spam, and our editors frequently review the comments to ensure they are appropriate. If you see a comment that you believe is inappropriate to the discussion, you can bring it to our attention by using the report abuse links. As the comments are written and submitted by visitors of the Telecompaper website, they in no way represent the opinion of Telecompaper.







Calendar   /   Industry Events

21 Jan Intel Q4 2020
21 Jan Modern Times Group EGM
21 Jan Report: Working From Home 2020Q4 - NLD
25 Jan The Things Conference 2021
25 Jan Edgeware EGM
26 Jan Verizon Communications Q4 2020
26 Jan F5 Networks fiscal Q1
26 Jan Microsoft fiscal Q2
26 Jan Meetup MENA
27 Jan MediaTek Q4 2020
27 Jan Calix Q4 2020
27 Jan Facebook Q4 2020
27 Jan KPN Q4 2020
27 Jan Extreme Networks fiscal Q2
27 Jan Corning Q4 2020
27 Jan AT&T Q4 2020
27 Jan Uptime
28 Jan Juniper Networks Q4 2020
28 Jan Comcast Q4 2020
28 Jan Rogers Communications Q4 2020
28 Jan Samsung Electronics Q4 2020
28 Jan Crown Castle Q4 2020
28 Jan Skyworks fiscal Q1
28 Jan 8x8 fiscal Q3
::: More Calendar Items