Cellnex Finance Company, the wholly owned subsidiary of Cellnex Telecom, has closed the pricing of a new bond issue for a nominal amount of 750 million euros, with a maturity date of January 20, 2034 and an annual coupon of 4.375%, as the company notified this Tuesday the National Securities Market Commission (CNMV).
The placement, denominated in euros and intended for qualified investors, will be launched at a price equivalent to 98.485% of its nominal value, under the umbrella of its Euro Medium Term Note Programme (EMTN) debt issuance program, and will be backed by Cellnex.
The company expects the bonds to obtain a credit rating of "BBB-" from Fitch Ratings and Standard & Poor's and that they be admitted to trading on the regulated market of Euronext Dublin.
The settlement of the transaction is scheduled for next November 20, once the usual conditions and formalities for this type of issuance have been met.