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Ono plans stock exchange listing

The CEO of Ono has announced that the Spanish pay-TV operator plans to list on the stock exchange “within a year”.

Rosalia Portela told journalists that Ono also plans a bond issue to help ease its debt load. Last week, the company completed the refinancing of a €3.5bn syndicated loan. Shareholders also agreed a €200m cash boost as part of the refinancing deal and approved the possibility of future bond issues to help pay down debt. Portela said a further bond issue would take place “in the next three to six months”.