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Published on 3/21/2019 in the Prospect News Emerging Markets Daily.

EM-focused PPF Arena talks euro seven-year notes at 3¼%-3 3/8%

By Rebecca Melvin

New York, March 21 – Central & Eastern Europe-focused PPF Arena 1 BV was talking an offering of euro-denominated seven-year notes to yield 3¼% to 3 3/8% (expected ratings: Ba1//BBB-) on Thursday, according to a market source.

The Regulation S notes were initially expected to have a four- to six-year tenor.

HSBC and Societe Generale CIB are global coordinators and bookrunners, with Bank of China, BNP Paribas, Citigroup, Commerzbank, Credit Agricole, Erste Group, ING, PPF Bank and UniCredit also acting as bookrunners.

The Netherlands-based PPF Arena is the parent company of telecommunications infrastructure operators O2 Czech Republic, CETIN and Telenor CEE.


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