19th Jun 2019 16:01
(Alliance News) - Vodafone Group PLC on Wednesday said it has raised USD2.25 billion pursuant to a bond offering, while separately buying back USD1.33 billion worth of bonds under a tender offer.
The telecommunications company closed an offering of USD1.75 billion 4.875% notes due 2049 and USD500 million 5.125% notes due 2059. Vodafone intends to use the proceeds for general corporate purposes, to finance upcoming maturities, including repurchase of bonds under the previously announced tender offer.
Separately, the company said USD227.6 million worth of 4.375% notes due 2021, USD402.8 million of 2.50% notes due 2022, and USD704.5 million 2.950% notes due 2023 were validly tendered at or prior to the expiration time and not validly withdrawn.
Shares in Vodafone were trading 1.7% lower at 127.04 pence each.
Related Shares:
Vodafone