Today, TDC announces the proposed issuance of EUR 800 million senior unsecured bonds with a maturity of 12 years under the company’s EUR 5.5 billion EMTN Programme. Application will be made to admit the bonds to listing and to trading on the Irish Stock Exchange. The details on the new bonds are shown in the table below:
| Size | Currency | Maturity | Coupon | Issue price excl. fees |
|
800 million |
EUR |
February 27, 2027 |
1.75% |
99.039 |
The bonds are expected to receive investment grade ratings of Baa3, BBB and BBB from Moody's, S&P and Fitch, respectively.
The proposed bond issuance completes the refinancing of the bridge facility which was put in place to finance the acquisition of Get in 2014.
The average interest rate of the proposed bond issuance and yesterday’s EUR 750 million proposed hybrid bond issuance is 2.60%.
The information provided in this announcement does not change TDC’s financial guidance for 2015 as announced on 5 February 2015.
TDC A/S
Teglholmsgade 1
0900 Copenhagen C
DK-Denmark
tdc.com
