French pay-TV operator Canal+ plans to tap the bond debt markets with an inaugural issue of € 500m of 5-year unsecured notes. Net proceeds will be used to reduce the size of the € 1.46bn outstanding bridge loan that was drawn to fund the acquisition of Multichoice, an African pay-TV operator that will complement Canal+’s footprint on this continent. We recommend subscribing to the new bonds at a min. yield of 3.80% (min. spread of MS+ 135bp).
French pay-TV operator Canal+ plans to tap the bond debt markets with an inaugural issue of € 500m of 5-year unsecured notes. Net proceeds will be used to reduce the size of the € 1.46bn outstanding bridge loan that was drawn to fund the acquisition of Multichoice, an African pay-TV operator that will complement Canal+’s footprint on this continent. We recommend subscribing to the new bonds at a min. yield of 3.80% (min. spread of MS+ 135bp).
Unfortunately, this report is not available for the investor type or country you selected.
Report is subscription only.
Thank you, your report is ready.
Thank you, your report is ready.