Bulgaria's Mobiltel to sell €200 million five-year notes via ABN Amro, Citigroup, ING

By Paul A. Harris

St. Louis, Nov. 2 - Mobiltel Finance BV, a subsidiary of Mobiltel AD Bulgaria, the country's largest mobile telephone operator, is expected to sell €200 million of five-year fixed-rate senior notes (BB+) during the early part of November, according to a market source.

ABN Amro, Citigroup and ING have the books for the Regulation S-only offering.

The notes will come with a make-whole call at Bunds plus 50 basis points for the first three years and will then become callable at a premium. The notes will also contain an equity clawback.

The notes will be guaranteed by Mobiltel AD Bulgaria and will rank pari passu with the company's outstanding bank debt.

© 2015 Prospect News.
All content on this website is protected by copyright law in the U.S. and elsewhere. For the use of the person downloading only.
Redistribution and copying are prohibited by law without written permission in advance from Prospect News.
Redistribution or copying includes e-mailing, printing multiple copies or any other form of reproduction.