Cyfrowy Polsat to raise Eu350m in high yield bonds

02 May 2011

Polish multi-media group Cyfrowy Polsat plans to sell a Eu350m seven year non-call three bond to refinance debt incurred in relation to the recent acquisition of TV Polsat. The senior secured notes will be callable after three years and have a provisional rating of Ba3/BB-.

The company started its roadshow on Tuesday with a lunch in London and will move on to meet investors in Amsterdam, Paris and Frankfurt until Friday.

“People see this as a pretty good credit compared to some of the recent issuers that came to the market”, said a ...

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