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Cyfrowy Polsat eyes bond issue

May 4, 2011 09.39 Europe/London By Chris Dziadul

The leading Polish DTH platform Cyfrowy Polsat has announced that it is planning a non-public bond offer of €350 million through a wholly owned Swedish subsidiary named Cyfrowy Polsat Finance AB.

The money raised from the bonds, which would be guaranteed by Cyfrowy Polsat and some of its subsidiaries, would be used towards repaying debts incurred in the acquisition of Cyfrowy Polsat’s parent company Telewizja Polsat.

The latter deal, worth PLN3.75 billion (€952.3 million), was announced last November and finalised on April 20.

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Filed Under: Central & East Europe, Finance, Newsline, Satellite Tagged With: Cyfrowy Polsat Edited: 4 May 2011 09:39

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