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Millicom taps bonds for swap

Millicom taps bonds for swap

September 23, 2021 | Hernán Goicochea
Nasdaq-listed telco agrees to exchange $336 mln in 2031 bonds for outstanding 2026 notes

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Telecommunications company Millicom International Cellular said Wednesday that it added $336 million to its 4.5% 2031 bonds to swap for outstanding 6.625% 2026 notes. For bondholders who met the early deadline on September 21, the Nasdaq-listed telco agreed to give $1,018.12 in 2031 bonds for every $1,000 in 2026 notes, including a cash payment for accrued and unpaid interest. The 2026 bonds have a call date in October this year, but Millicom said earlier this month that it plans to prolong its

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