By Christine Van Dusen
Atlanta, March 23 - Hungary's Invitel Holdings AS priced an €80 million tap of its 9½% notes due December 2016 at 99 to yield Bunds plus 706 basis points, a market source said.
Credit Suisse was the bookrunner for the Rule 144A and Regulation S notes.
Proceeds will be used to refinance existing fixed-rate notes and for general corporate purposes.
Invitel is a Budapest, Hungary-based telecommunications services provider.
| Issuer: | Invitel Holdings AS
|
| Amount: | €80 million
|
| Maturity: | December 2016
|
| Description: | Notes
|
| Bookrunners: | Credit Suisse
|
| Coupon: | 9½%
|
| Price: | 99
|
| Spread: | Bunds plus 706 bps
|
| Trade date: | March 23
|
| Distribution: | Rule 144A and Regulation S
|
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