Cable & Wireless prints 2027s

Cable & Wireless prints 2027s

Barbados Bonds

Telecommunications unit Cable & Wireless (C&W) printed $700m in 6.875% 2027 bonds, returning to the cross-border bond market last week in order to refinance acquisition-related debt.  The B2/B/BB- rated paper priced at par, after bookrunners started initial price talk in the 6.75% to 7% area. Bank of America Merrill Lynch, Barclays, BNP Paribas, Goldman Sachs and Scotiabank were joint bookrunners on the trade.  Orderbooks were almost twice oversubscribed and included commitments from EM

Already have an account?

Free trial

Take a free two-week trial now for the latest news, data and market analysis.

Free Trial