VodafoneZiggo seizes chance for tight refi

By Owen Sanderson
06 Feb 2020

VodafoneZiggo has sold a €1.36bn holding company refinancing, seizing the chance to lock in tightly priced subordinated debt for a decade. The company offered euros and dollars in 10 year unsecured format, with five year call protection.

Altice France printed a €1.6bn holdco deal two weeks ago as part of a revamp of the group’s capital structure that exchanged another €2.8bn in holding company debt from Altice Luxembourg to a new issuing vehicle.

These Caa1/CCC+ bonds came at 4% on the euros and 6% on ...

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