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GC Asia
Cyfrowy Polsat to raise Eu350m in high yield bonds
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 ...Already a subscriber? Login
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