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Millicom International completes partial tender offer on a bond.

M2 EQUITYBITES-April 15, 2014-Millicom International completes partial tender offer on a bond

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Millicom International Cellular (STO: MIC), an international telecommunications and media company, today announced the completion of a partial tender offer on the 2017 bond issued by its subsidiary in El Salvador.

According to the company, it has successfully completed a partial cash tender offer, USD139m of aggregate principal out of a principal amount outstanding of USD450m, of the 2017 bond issued by Telemovil Finance Co Ltd in October 2010.

Reportedly, this transaction is aimed at improving the balance sheet efficiency.

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Publication:M2 EquityBites (EQB)
Date:Apr 15, 2014
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