September 10, 2021
Telecommunications company Millicom International Cellular plans to add to its 4.5% 2031 bonds in exchange for up $335 million in outstanding 6.625% 2026 notes, according to a securities filing on Wednesday.
The 2026 bonds have a call date in October this year, but Millicom said it plans to prolong its debt maturities and lower its costs through the exchange.
The Nasdaq-listed telco has offered $1,053.75 in 2031 bonds for every $1,000 in 2026 notes by the early deadline on September 24. After th
Nasdaq-listed telco plans to reopen its 2031 bonds in an exchange for its 2026 notes