Edition:
United States

Vodafone Raises 3.44 Bln Pounds Through Issuance Of Mandatory Convertible Bonds


Tuesday, 5 Mar 2019 01:29pm EST 

March 6 (Reuters) - Vodafone Group PLC ::SUCCESSFUL PLACING OF MANDATORY CONVERTIBLE BONDS.VODAFONE TO RAISE £3.44 BILLION THROUGH ISSUANCE OF MCBS.BONDS TO BE ISSUED IN TWO TRANCHES - MATURING MARCH 2021 AND MARCH 2022.NET PROCEEDS OF BONDS TO BE USED AS PART OF FINANCING OF ACQUISITION OF LIBERTY GLOBAL'S ASSETS IN GERMANY, CZECH REPUBLIC, HUNGARY, ROMANIA.POTENTIAL FOR VODAFONE TO BUY BACK SHARES IN ORDER TO MITIGATE DILUTION.ANY POTENTIAL SHARE BUYBACK WILL BE FUNDED FROM ISSUANCE OF HYBRID SECURITIES, DEPENDING ON CREDIT MARKET CONDITION. 

Company Quote

129.34
2.44 +1.92%
19 Jul 2019