Telco prices Bangladesh’s first dollar bond

Mobile phone operator Banglalink has raised the nation’s first $300 million five-year note in a bid to shore up funds for refinancing and capital expenditure purposes.

Telco prices Bangladesh’s first dollar bond

Banglalink Digital Communications sold a $300 million five-year note last Friday Bangladesh's first dollar-denominated bond as it looks to grow its business domestically and refinance existing debt.

The 144A bond, which started marketing a week before it priced, faced some technical challenges when it came to gauging the fair value of the offering due to the fact that there were limited direct comparables and few high-yield telecom companies in Asia.

Despite this,...

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