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

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 ...Already a subscriber? Login