COPENHAGEN, Denmark, April 11, 2002 (PRIMEZONE) -- Today, TDC (NYSE:TLD) issued EUR 750m in 10-year bonds with the following details:
Size: 750mio Currency: EUR Maturity: April 19, 2012 Coupon: 6.50% Price: 99.785
The proceeds from the offering will be used to refinance short term-borrowings and other general financial purposes.
The issue was lead managed by Goldman Sachs International, Schroder Salomon Smith Barney and UBS Warburg and co-lead managed by Danske Bank and Nordea.
"It's with great satisfaction that we note interest for TDC's new 10-year bond, which was oversubscribed twice. We see it as a reflection of investors trust in TDC's financial position and future earnings potential," said Hans Munk Niel-sen, Chief Financial Officer.
Stabilization may occur in accordance with the stabilization rules of FSA (Fi-nancial Services Authority).
TDC -- formerly Tele Danmark -- is a growth and value-creation oriented Danish-based provider of communications solutions with significant presence in selected markets in Northern and Central Europe. TDC is organized as seven main business units; TDC Tele Danmark, TDC Mobile International, TDC Internet, TDC Cable TV, TDC Directories, TDC Services and TDC Switzerland. TDC was privatized in 1994. Today, SBC Communications owns 41.6% of the shares, with the remainder held by individual and institutional shareowners all over the world.
TDC listings Shares: Copenhagen Stock Exchange Reuters TDC.CO Bloomberg TDC DC Nominal value DKK 5 ISIN DK0010 253335 Sedol 5698790 Shares: New York Stock Exchange Reuters TLD.N Bloomberg TLD US One ADS represent one half common share ISIN US8723 6N1028 Sedol 2883094