IN BRIEF: Vodafone launches tender offer to manage hybrid capital
24th May 2023 15:25
Vodafone Group PLC - Newbury, Berkshire-based telecommunications provider - Launches tender offer for outstanding EUR2.00 billion in 3.10% capital securities due 2079 and USD1.30 billion in 6.25% capital securities due 2078. Offers 99.75% of principal for euro securities and 100.50% for dollar ones. Vodafone says the tender offer, together with the planned issuance of new debt notes, is intended to proactively manage its portfolio of hybrid capital. Says it will extend a portion of its hybrid capital portfolio and simultaneously reduce the current EUR10 billion portfolio by no more 10%. Read More