Telenet increases bond offering
Belgian cable operator Telenet has increased its planned 10-year bond offering from 300 million to Â400 million as a result of high demand.
The operatorÂs independent Luxembourg-based finance arm has priced the Â400 million senior secured floating rate notes, due to mature in June 2021, which will bear interest at the three-month EURIBOR rate, reset quarterly, plus 3.875%.Â