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Tele2 issues €300m bond

March 17, 2021 08.56 Europe/London By Chris Dziadul

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.

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Filed Under: Finance, Newsline Tagged With: Tele2 Edited: March 17, 2021 08:56

About Chris Dziadul

Chris is our Central & East Europe Editor. You can talk to Chris on Twitter @chrisdziadul or by email at cdziadul@broadbandtvnews.com

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