Digi completes refi bond, riding on growth in Romanian telco market
Romanian telecoms giant Digi issued an €800m bond this week, offering investors exposure to risky but fast-growing eastern European economies. Digi is joining the long list of companies taking advantage of exceptionally favourable refinancing conditions in European high yield.
Digi split its senior secured notes in two tranches — the first due in 2025 and the second due in 2028, with the initial target of issuing at least €300m in each tranche.In the end, the five-year tranche swelled to €450m with the eight-year tranche sized at ...
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