Cellnex extends financing binge with new €850m CB

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By Aidan Gregory
25 Jun 2019

Cellnex Telecom, the highly acquisitive Spanish wireless telecommunications company, has issued a €850m convertible bond due in July 2028 to fund its €11bn pipeline of investment opportunities in the European telecom towers market.

BNP Paribas, Citigroup, Deutsche Bank and JP Morgan were bookrunners. There was an option to increase the size of the deal by €150m from the initial €700m, which was used to due strong demand. 

Headquartered in Barcelona, Cellnex has been an avid user of the equity capital markets, ...

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