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Millicom announces issue of 7-year USD500m corporate bond.

NORDIC BUSINESS REPORT-May 20, 2013-Millicom announces issue of 7-year USD500m corporate bond(C)2013 M2 COMMUNICATIONS http://www.m2.com

Millicom International Cellular (STO:MIC), a telecommunications and media company, announced today the successful completion of the issuance of a 7-year USD500m bond with a fixed coupon of 4.75%.

This issuance was done at 99.266 and the demand for the bond reportedly reached USD3.9bn, primarily from the US and Europe. The bond will be listed in Luxembourg.

Millicom said that it intends to use the majority of the proceeds to refinance debt maturing in Africa in 2013.

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Publication:Nordic Business Report
Date:May 20, 2013
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