Vertical Bridge cell tower deal sees 10 times oversubscription

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Vertical Bridge cell tower deal sees 10 times oversubscription

Jennifer Kang
June 02, 2020 09:00 PM
Cell tower_575_375_PA
Cell phone mast on a house roof. Workers stand on a lifting platform and work on an antenna mast. Cell phone mast, antenna, antennas, 5G, cell phone antenna, antenna mast, cell phone.LTE, a base station is a fixed transmission device, radio signals from cell phone networks, cordless phones and wireless networks. Â | usage worldwide | Frank Hoermann/SVEN SIMON/DPA/PA Images

Cell tower operator Vertical Bridge closed a $534m ABS deal last week, with orders exceeding the amount of bonds offered by 10 times.

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