Printer Friendly

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

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.

((Comments on this story may be sent to

COPYRIGHT 2013 Normans Media Ltd.
No portion of this article can be reproduced without the express written permission from the copyright holder.
Copyright 2013 Gale, Cengage Learning. All rights reserved.

Article Details
Printer friendly Cite/link Email Feedback
Publication:Nordic Business Report
Date:May 20, 2013
Previous Article:Atlas Copco announces resignation of Bob Fassl, President of Mining and Rock Excavation technique business.
Next Article:SCA to compulsorily redeem shares of German subsidiary.

Terms of use | Privacy policy | Copyright © 2019 Farlex, Inc. | Feedback | For webmasters