STOCKHOLM--(BUSINESS WIRE)--Millicom International Cellular S.A. (“Millicom”) (Stockholmsbörsen: MIC) announces today that its subsidiary in Paraguay (“Tigo Paraguay”) has successfully issued a USD-denominated bond.
Tigo Paraguay has successfully completed the issuance of a 10-year USD300 million bond with a fixed coupon of 6.75%. The issuance was done at par and more than 12 times oversubscribed. The bond will be listed in Luxembourg.
Tigo Paraguay intends to use the proceeds for general corporate purposes, including financing investments in cable and mobile infrastructure. Paraguay is Millicom’s leading market for innovative products and services.
Millicom International Cellular S.A. is a global telecommunications group with mobile telephony operations in 13 countries in Latin America and Africa. It also operates various combinations of fixed telephony, cable and broadband businesses in six countries in Latin America and online and e-commerce services in a number of countries in Latin America and Africa. The Group’s mobile operations have a combined population under license of approximately 273 million people.
This press release may contain certain “forward-looking statements” with respect to Millicom’s expectations and plans, strategy, management’s objectives, future performance, costs, revenues, earnings and other trend information. It is important to note that Millicom’s actual results in the future could differ materially from those anticipated in forward-looking statements depending on various important factors. Please refer to the documents that Millicom has filed with the U.S. Securities and Exchange Commission under the U.S. Securities Exchange Act of 1934, as amended, including Millicom’s most recent annual report on Form 20-F, for a discussion of certain of these factors.
All forward-looking statements in this press release are based on information available to Millicom on the date hereof. All written or oral forward-looking statements attributable to Millicom International Cellular S.A., and Millicom International Cellular S.A. employees or representatives acting on Millicom’s behalf are expressly qualified in their entirety by the factors referred to above. Millicom does not intend to update these forward-looking statements.
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