Skip to main content

[Press Release] iliad SA successfully completes a €500 million bond issue

Written by Customer Service on . Posted in Public Companies.

PRESS RELEASE

Paris, April 22, 2024

iliad SA successfully completes a €500 million bond issue

financial release

 

Today, iliad SA successfully placed a €500 million bond issue. The bonds will mature in 7 years and pay interest at 5.375% per year.

This transaction was announced for a maximum amount of €500 million and generated strong demand from investors (with close to €1.6 billion in demand), which allows the Group to benefit from attractive financial conditions in a context of volatile markets. Such a result in this context once again attests of the investors’ confidence in the quality of the iliad name. This reputation, acquired through a pro active and prudent management of the Group’s liquidity, also demonstrates in light of our recent annual results, that we achieved to convince of our ambition to become Europe’s fifth-largest mobile operator.

This transaction enables iliad to improve its maturity profile, through its 7-year maturity, and through the refinancing of a portion of its existing bonds with the launch of the tender offer on its existing bonds maturing in October 2024 and April 2025 (cf. press release distributed this morning: https://www.iliad.fr/media/CP_220424_Eng_37b344a435.pdf).

This transaction represents the first bond issuance this year, coming after the Group’s last placement in December 2023 for €650 million, and has been assigned Ba2/BB/BB ratings by Moody’s, S&P and Fitch respectively for senior unsecured bonds.

Banco Sabadell, Bayern LB, CIC, Commerzbank, La Banque Postale, Mizuho, Natixis, Raiffeisen Bank, RBC Capital Markets, Santander and Société Générale are Joint Lead Managers. Erste Group and MUFG are Co-Managers of the transaction.

 

About the iliad Group

Created in the early 1990s, the iliad Group is the inventor of the world’s first triple-play box and is now a major European telecoms player, standing out for its innovative, straightforward and attractive offerings. The Group is the parent of Free in France, iliad in Italy and Play in Poland, has over 17,700 employees serving more than 48.5 million subscribers, and generated €9.2 billion in revenues in 2023. In France, the Group is an integrated Fixed and Mobile Ultra-Fast Broadband operator and had 22.4 million subscribers at end-December 2023 (15.0 million mobile subscribers and 7.4 million fixed-line subscribers). In Italy, where it launched its business in 2018 under the iliad brand, it is the country’s fourth-largest mobile operator with over 13% market share and had more than 10.7 million mobile subscribers at end-December 2023. In Poland, the Group became an integrated convergent operator following the acquisition of UPC Polska in 2022, and at end-December 2023 had 13.1 million mobile subscribers and nearly 2.1 million fixed-line subscribers. The iliad Group is Europe’s sixth-largest operator by number of retail mobile subscribers (excluding M2M) and its fifth-largest fixed broadband operator.

Find out more at:

https://www.iliad.fr/en

 

Follow us on: 

X: @Groupeiliad
LinkedIn:  Groupe iliad

Contacts:

Investor relations: ir@iliad.fr
Press relations: presse@iliad.fr

Attachment

Disclaimer & Cookie Notice

Welcome to GOLDEA services for Professionals

Before you continue, please confirm the following:

Professional advisers only

I am a professional adviser and would like to visit the GOLDEA CAPITAL for Professionals website.

Important Notice for Investors:

The services and products offered by Goldalea Capital Ltd. are intended exclusively for professional market participants as defined by applicable laws and regulations. This typically includes institutional investors, qualified investors, and high-net-worth individuals who have sufficient knowledge, experience, resources, and independence to assess the risks of trading on their own.

No Investment Advice:

The information, analyses, and market data provided are for general information purposes only and do not constitute individual investment advice. They should not be construed as a basis for investment decisions and do not take into account the specific investment objectives, financial situation, or individual needs of any recipient.

High Risks:

Trading in financial instruments is associated with significant risks and may result in the complete loss of the invested capital. Goldalea Capital Ltd. accepts no liability for losses incurred as a result of the use of the information provided or the execution of transactions.

Sole Responsibility:

The decision to invest or not to invest is solely the responsibility of the investor. Investors should obtain comprehensive information about the risks involved before making any investment decision and, if necessary, seek independent advice.

No Guarantees:

Goldalea Capital Ltd. makes no warranties or representations as to the accuracy, completeness, or timeliness of the information provided. Markets are subject to constant change, and past performance is not a reliable indicator of future results.

Regional Restrictions:

The services offered by Goldalea Capital Ltd. may not be available to all persons or in all countries. It is the responsibility of the investor to ensure that they are authorized to use the services offered.

Please note: This disclaimer is for general information purposes only and does not replace individual legal or tax advice.