Wind’s €4bn second refi helps it save €275m

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By Olivier Holmey
26 Jun 2014

Wind Telecomunicazioni has reduced its annual cost of debt to €642m after completing its second successful bond refinancing in a little over two months. The two transactions together cut €275m from its annual interest bill.

The Italian telecoms company priced the €4.065bn of notes on Tuesday at an interest rate as low as 4% on some tranches.

Wind priced on Tuesday €500m of six year non-call one floating rate notes at 400bp over three month Euribor. It also sold €2.1bn and $1.9bn of ...

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