Tele2 has announced the successful issue and price of a new €300 million 10-year EUR bond.
In a statement, the company says the bond was issued with final maturity of 10 years and an annual coupon of 0.75%. It adds that this is the longest maturity of any bond in Tele2 history and the lowest coupon ever on a EUR bond for Tele2. The bond was successfully placed with a broad range of institutional investors across Europe.
Tele 2 says that net proceeds will be used to refinance existing debt and for general corporate purposes.
The bond will be listed on the Luxembourg Stock Exchange.
