Com Hem prices Skr2.5bn tightly, to refi expensive bond

Cables 230x150
By Ross Lancaster
23 Oct 2014

Swedish cable operator Com Hem priced its Skr2.5bn (€272m) bond tightly on Thursday. It will use the proceeds to refinance Skr3.5bn of senior secured notes.

The Skr2.5bn five year non-call two senior secured notes were priced with a 5.25% coupon at 99.378 to yield 5.395%, or 450bp over mid-swaps. Danske Bank and Nordea Markets were bookrunners.

BC Partners bought Com Hem in 2011. In June, it ...

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