By Paul A. Harris
Portland, Ore., Sept. 14 – Millicom International Cellular SA announced that it priced $500 million of 5 1/8% senior notes due 2028.
The notes are non-callable for five years.
The securities were talked to yield 5 1/8% to 5¼%.
Millicom intends to use the net proceeds to finance the repurchase or redemption of all of its 6 5/8% senior notes due 2021.
The Luxembourg-based telecom, which operates in emerging markets in Latin America and Africa, intends to use the net proceeds to fund the tender, and/or redeem the notes.
| Issuer: | Millicom International Cellular SA
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| Amount: | $500 million
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| Maturity: | 2028
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| Securities: | Senior notes
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| Coupon: | 5 1/8%
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| Call: | Non-callable for five years
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| Announcement date: | Sept. 13
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| Settlement date: | Sept. 20
|
| Distribution: | Rule 144A and Regulation S
|
| Price talk: | 5 1/8% to 5¼%
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