Parent uses its muscle for Millicom to get its $500m
Millicom International printed its $500m seven year non-call four bond last Friday from a $3.5bn book as US investors demonstrated their increased comfort with the deal after the issuing entity was moved from the operating company to the parent level.
The note was changed from being an issue by Millicom Africa with a group guarantee to a direct issue by Millicom International, the group.
JP Morgan and Standard Bank were global co-ordinators and BNP Paribas was a joint bookrunner on the dollar benchmark Reg S/144A deal.
Around 60% of
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