BTel offers three-year bond on Oct 6-13

Debt

Hungarian telco Business Telekom (BTel) will offer a three-year corporate bond with a 14.5% yield for subscription on October 6-13, BTel's PR company told MTI on Thursday.

The issue is the continuation of a bond program launched in June, when retail investors subscribed HUF 302m of bonds maturing in August 2014 carrying a fixed annual coupon of 12.5%.

BTel said earlier it would use the proceeds from the issue to cover investments for which preparations have already been made, mainly the further development of its microwave network and the launch of SAT TV services.

ADVERTISEMENT

Business, consumer confidence improves - Századvég Analysis

Business, consumer confidence improves - Századvég

Opposition parties to begin PM candidate primaries Elections

Opposition parties to begin PM candidate primaries

New managing director at the helm of Wolt Hungary Appointments

New managing director at the helm of Wolt Hungary

Budapest bike-sharing scheme boasts record ridership City

Budapest bike-sharing scheme boasts record ridership

SUPPORT THE BUDAPEST BUSINESS JOURNAL

Producing journalism that is worthy of the name is a costly business. For 27 years, the publishers, editors and reporters of the Budapest Business Journal have striven to bring you business news that works, information that you can trust, that is factual, accurate and presented without fear or favor.
Newspaper organizations across the globe have struggled to find a business model that allows them to continue to excel, without compromising their ability to perform. Most recently, some have experimented with the idea of involving their most important stakeholders, their readers.
We would like to offer that same opportunity to our readers. We would like to invite you to help us deliver the quality business journalism you require. Hit our Support the BBJ button and you can choose the how much and how often you send us your contributions.