Thursday 9th August 2007 |
Text too small? |
The bonds, to be issued by YPG Bond Finance, would be secured, subordinated and cumulative debt securities, carrying a fixed rate of interest to be paid on a semi-annual basis until maturity on 31 October 2013.
The minimum interest rate and applicable margin for the proposed offer, which is expected to open in September, will be set following a bookbuild process.
CCMP Capital and Teachers' Private Capital - the private investment arm of Ontario Teachers' Pension Plan - paid Telecom $2.24 billion for Yellow Pages in April. It is intended that proceeds from the issue of bonds would be used to repay part of the acquisition funding.
The offer is expected to be underwritten by ABN AMRO New Zealand, Barclays Capital and Deutsche Bank AG.
Offer documents are due out late August.
No comments yet
CDC Independent Valuation - 30 June 2025
TruScreen Group Limited SPP Update
THL provides updated guidance
CEN - Greymouth gas deal
July 4th Morning Report
July 3rd Morning Report
ikeGPS Chief Financial Officer Transition
TWL - TradeWindow announces strategic partnership with FTA
BLT - Patent issue settled and new 5 year agreement with BSP
July 2nd Morning Report