By Reshmi Basu
New York, Nov. 12 - MobilTel Finance BV sold €200 million five-year senior fixed-rate notes (Ba2/BB+) at mid-swaps plus 180 basis points, according to a market source.
ABN Amro, Citigroup and ING were joint bookrunners for the Regulation S-only offering.
The notes will come with a Bunds plus 50 basis points make-whole call for the first three years and then will become callable at a premium. They will also contain a 35% equity clawback.
The guarantor of the notes is MobilTel AD, Bulgaria's largest mobile phone operator. MobilTel is based in Sofia.
| Issuer: | MobilTel Finance BV
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| Guarantor: | MobilTel AD
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| Amount: | €200 million
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| Issue: | Senior fixed-rate notes
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| Maturity: | Nov. 19, 2009
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| Coupon: | 5%
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| Price: | N/A
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| Spread: | Mid-swaps plus 180 basis points
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| Pricing date: | Nov. 12
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| Settlement date: | Nov. 19
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| Joint bookrunners: | ABN Amro, Citigroup, ING
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| Ratings: | Moody's: Ba2
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| Standard & Poor's: BB+
|
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