Edition:
United States

Vodafone Intends To Raise About EUR 4 Bln Through Bond Issuance


Tuesday, 5 Mar 2019 02:08am EST 

March 5 (Reuters) - Vodafone Group PLC ::INTENDS TO RAISE APPROXIMATELY EUR 4 BILLION THROUGH ISSUANCE OF STERLING-DENOMINATED MCBS.BONDS INTENDED TO BE ISSUED IN TWO TRANCHES - MATURING NO LATER THAN MARCH 2021 AND MARCH 2022.NET PROCEEDS WILL BE USED AS PART OF FINANCING OF ACQUISITION OF LIBERTY GLOBAL'S ASSETS IN GERMANY, CZECH REPUBLIC, HUNGARY AND ROMANIA.POTENTIAL FOR CO TO BUY BACK SHARES IN ORDER TO MITIGATE DILUTION AS PART OF ISSUANCE OF MANDATORY CONVERTIBLE BONDS.