Hungary’s Magyar Telecom to redeem senior secured notes due 2018

By Wendy Van Sickle

Columbus, Ohio, Feb. 24 – Magyar Telecom BV called its senior secured notes due 2018, which form parts of units along with shares issued by Matel Holdings Ltd., for redemption in full on March 2, according to a notice.

The redemption price will be 100.427777776 plus accrued interest of €14.97222219 per €1,000 of principal amount.

The redemption is conditioned upon the paying agent, Bank of New York Mellon, having received sufficient funds from the issuer on the business day prior to the redemption date.

The record date is March 1.

Based in Budapest, Magyar Telecom offers telecommunications services to residential and business customers.

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