Vodafone Bond Issue Raises GBP600 Million, More than Planned
November 19 2015 - 10:04AM
Dow Jones News
By Ian Walker
LONDON--Vodafone Group PLC (VOD.LN) has raised 600 million
pounds ($912.58 million) of new debt, which it will use for general
company purposes and to buy cash-settled call options, GBP100
million more than originally planned.
Earlier Thursday the Newbury, England based firm, announced a
plan to raise GBP500 million through the issue of equity-linked
bonds due 2020, and buy cash-settled call options to hedge its
equity exposure.
The bonds will be issued at par and the coupon has been fixed at
zero.
Morgan Stanley & Co. Intl. acted as sole global coordinator
for the offering and together with HSBC Bank as joint
bookrunner.
Write to Ian Walker at ian.walker@wsj.com; @IanWalk40289749
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(END) Dow Jones Newswires
November 19, 2015 09:49 ET (14:49 GMT)
Copyright (c) 2015 Dow Jones & Company, Inc.
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