|
Tugnait: expects management to turn Tim Hellas around |
A market that had spent the summer holidays worrying about oversupply lapped up what was in mid-October still the only European high-yield jumbo of the autumn. Greek mobile phone provider Tim Hellas’s €925 million senior secured portion sold at three-month Euribor plus 350 basis points, achieving the aim of borrowing at bank loan prices while attracting a mix of investors and incurring less restrictive covenants. The €355 million senior unsecured tranche carries an 8.5%
Access this research
Enter your work email address to sign in or check whether your organisation already has access to Euromoney.
