Romania’s RCS&RDS does not need to borrow any more money at this stage for its projects, according to Sergei Bulgac, the company’s CEO.
Speaking on the proprietary TV channel Digi 24 and quoted by ZF, he added that its recent euro bond issue had been oversubscribed.
However, it decided to limit itself to what was strictly necessary for its development.
Besides the €350 million bond issue, RCS&RDS secured a syndicated loan of up to RON1.687 billion at a favourable rate of interest.
RCS&RDS, which operates under the brand name Digi, is the leading provider of cable and DTH services in Romania.
