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Broadband

Ziggo plans debt redemption, exchange

Tuesday 28 January 2014 | 10:18 CET | News
Dutch cable operator Ziggo announced that it will redeem its EUR 750 million in notes due 2017 early. The company will pay off the notes issued in 2010 on 04 March, at a price of 103.063 percent of the principal. The total cost will be EUR 773.0 million, plus accrued interest of EUR 17.7 million. Ziggo also launched an exchange offer for up to EUR 934 million of its EUR 1.2 billion in 8 percent senior notes due 2018. These will be swapped for new notes due 2018. In addition, Ziggo is offering to purchase its EUR 750 million of 3.625 percent notes due 2020. It also intends to redeem its EUR

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Categories: Fixed
Companies: Liberty Global / Ziggo
Countries: Netherlands
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