Millicom takes on choppy market to tighten new eight-year bond

Millicom takes on choppy market to tighten new eight-year bond

Capital Markets Bonds Colombia

Swedish-listed telecom operator Millicom tackled difficult market conditions on Thursday to price a new eight-year, $500m non-call three bond at par, tightening yield by 25bp from initial price talk through to launch. Millicom, which operates the Tigo brand in Latin America, sought the debt to help it pay for an 80% stake in Panama's Cable Onda, a $1bn acquisition the company agreed on last Sunday. While Latin America's bond market showed signs of improvement in recent weeks, US Treasuries ballo

Already have an account?

Free trial

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

Free Trial