Polkomtel oversubscribed, with euro tranche now likely

11 Aug 2011

Polish mobile phone operator Polkomtel’s Z6.394bn ($2.2bn) of senior buy-out loans are already oversubscribed, with some stragglers still expected to commit. Bookrunners have pencilled in allocation for the end of next week.

However, a banker close to the deal said the number of banks able to commit more euros than zloty means there is likely to be a euro tranche, despite the company wanting as much of its loans as possible to be denominated in zloty to reduce its FX ...

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