VodafoneZiggo is marketing a €400m vendor financing note through Citi and Credit Suisse, which will part-fund the Dutch telecoms firm’s existing €1bn vendor financing programme.
The new deal comes after last week’s loan and bond refinancing package, which saw the bond markets once again demonstrate that they can compete with that for loans. The €425m euro notes were priced at 2.875% and the $500m dollars at 4.875%, against a term loan ‘B’ at
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