[iliad press release] iliad successfully completes a €1,300 million bond issue
04 Fevereiro 2021 - 2:53PM
[iliad press release] iliad successfully completes a €1,300 million
bond issue
Press release
Paris, February 4, 2021
iliad successfully completes a €1,300
million bond issue
financial communication
The iliad Group has today successfully placed a
dual-tranche bond issue representing a total €1,300 million.
This is the largest bond issue carried out by an unrated issuer
since iliad’s previous dual-tranche issue in April 2018.
The main features of the issue are as
follows:
- Tranche 1: €600 million worth of 3-year bonds (maturing on
February 11, 2024), with an annual coupon of 0.750%.
- Tranche 2: €700 million worth of 7-year bonds (maturing on
February 11, 2028), with an annual coupon of 1.875%.
The issue was highly successful, attracting
total demand of around €3.9 billion. This strong investor demand
testifies to the quality of iliad’s recent acquisition of the
Polish telecoms operator, Play, as well as iliad’s solid strategy
and outlook. The issue has enabled the Group to take advantage of
the current good market conditions to complete the refinancing of
its acquisition of Play, and has reinforced iliad’s financial
structure.
The issue also strengthens iliad’s position as
the leading unrated issuer in the European senior bond market, with
more than €4.4 billion in bonds outstanding. iliad carried out its
last bond issue in June 2020.
The Joint Lead Managers for the issue were Banco
Sabadell, BayernLB, BNP Paribas, Crédit Agricole-CIB, CIC Market
Solutions, Helaba, ING, JP Morgan, La Banque Postale, Natixis, SMBC
Nikko, Société Générale and UniCredit.
About the iliad Group
iliad is the parent company of Free, the
inventor of the Freebox, the first multiservice box on ADSL. Free
is behind numerous innovations in the Broadband and Ultra-Fast
Broadband access segment (VoIP, IPTV, flat rate calling plans to
multiple destinations, etc.) and provides straightforward and
innovative offerings at the best prices. Since January 2012, Free
has brought mobile phone usage within everyone’s reach with
straightforward, no-commitment offerings at very attractive prices.
As at September 30, 2020, Free had over 20 million subscribers in
France (6.7 million Broadband and Ultra-Fast Broadband subscribers
and 13.5 million mobile subscribers). On May 29, 2018, the Group
launched its mobile network in Italy under the iliad brand,
becoming the country’s fourth operator, and had over 6.8 million
subscribers at September 30, 2020. With the acquisition of Play,
the leading mobile network operator in Poland, it has become the
sixth largest mobile operator in Europe1.
To find out more
www.iliad.fr/en
Follow us on
Twitter @GroupeIliad
LinkedIn Free Groupe iliad
Contacts
Investor Relations: ir@iliad.frPress Relations:
presse@iliad.fr
Exchange: Euronext Paris |
Market place: Eurolist A of Euronext
Paris (SRD) |
Ticker symbol: ILD |
ISIN: FR0004035913 |
FTSE classification: 974 Internet |
Member of Euro Stoxx, SBF 120, CAC Mid
100 |
1 In terms of number of mobile subscribers in Europe, excluding
M2M.