Published on 2/8/2019 in the Prospect News Emerging Markets Daily and Prospect News High Yield Daily.
New Issue: Digi Communications prices upsized €200 million tap of 5% notes due 2023 at 101.75
By Paul A. Harris
Portland, Ore., Feb. 8 – Romanian telecom Digi Communications NV priced an upsized €200 million tap of its 5% senior secured notes due 2023 at 101.75 on Thursday, according to a market source.
The issue size increased from €125 million.
Citigroup ran the books.
Proceeds will be used to repay bank debt.
| Issuer: | Digi Communications NV
|
| Amount: | €200 million, increased from €125 million
|
| Maturity: | 2023
|
| Security description: | Add-on to 5% senior secured notes due 2023
|
| Bookrunner: | Citigroup
|
| Coupon: | 5%
|
| Price: | 101.75
|
| Yield to maturity: | 4.578%
|
| Trade date: | Feb. 7
|
| Settlement date: | Feb. 12
|
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