Vodafone raises USD 11.5 bln in debt to finance Liberty Global takeover

News General Europe 31 MEI 2018
Vodafone raises USD 11.5 bln in debt to finance Liberty Global takeover

Vodafone has raised USD 11.5 billion in a debt offering to help finance its planned takeover of Liberty Global assets in Europe. The six-tranche fixed and floating rate bond has an average life of 14 years and effective average euro rate of 2.0 percent. 

The offer includes USD 2 billion in 3.750 percent notes due 16 January 2024, USD 1.5 billion of 4.125 percent notes due 30 May 2025, USD 3 billion of 4.375 percent notes due 30 May 2028, USD 1 billion in 5.0 percent notes due 30 May 2038, USD 3 billion in 5.25 percent notes due 30 May 2048, and USD 1 billion in floating rate notes due 16 January 2024. Vodafone has applied to list the notes on the New York Stock Exchange.

Categories:

General

Companies:

Vodafone,  Liberty Global

Regions:

Europe

Tags:

Financial funding, M&A buyouts & divestments

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