By Christine Van Dusen
Atlanta, Dec. 7 - Tigo Paraguay - a subsidiary of Millicom International Cellular SA - sold $300 million 10-year notes at par with a coupon of 6¾%, according to a company announcement.
The proceeds will be used for general corporate purposes, including financing investments in cable and mobile infrastructure.
No other details were immediately available on Monday.
Millicom is a voice, data and cable television company based in Luxembourg. Paraguay is its biggest market.
| Issuer: | Tigo Paraguay
|
| Amount: | $300 million
|
| Maturity: | 10 years
|
| Description: | Notes
|
| Coupon: | 6¾%
|
| Price: | Par
|
| Yield: | 6¾%
|
| Trade date: | Dec. 7
|
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