Romanian telecommunications operator Digi Communications (BVB: DIGI) announced that, on September 16, the Romanian subsidiary of the group (Digi Romania) issued a notice of full redemption of the EUR 450 million bonds carrying a 2.5% coupon issued by the company in 2020 maturing in January 2025.\u00a0The actual redemption date will be on September 27.<\/p>\n
The redemption price of the notes is 100% of the principal amount plus accrued and unpaid interest from August 5, 2024 (the date of the latest coupon) to the redemption date (September 27), and additional amounts, if any.<\/p>\n
Digi Romania (at that time RCS&RDS) launched in 2020 senior secured bonds worth EUR 850 million with two maturities in 2025 and 2028, to refinance its 2027 bonds at a more favourable cost. It sold EUR 450 million worth of bonds due in 2025 with a yearly coupon of 2.5% and EUR 400 million worth of bonds due in 2028 with an annual coupon of 3.25%.<\/p>\n
In H1\/2024, Digi had consolidated revenues of EUR 474.7 million, 13.4% more compared to the same period of 2023, while its net profit rose to EUR 28.6 million from EUR 16 million.<\/p>\n
Digi\u2019s shares increased by 3.37% on September 16 after the note to investors was released, bringing the company\u2019s market capitalization to RON 6.6 billion (EUR 1.3 billion).\u00a0<\/p>\n
iulian@romania-insider.com<\/em><\/p>\n (Photo source: the company)<\/em><\/p>","protected":false},"excerpt":{"rendered":" Romanian telecommunications operator Digi Communications (BVB: DIGI) announced that, on September 16, the Romanian subsidiary of the group (Digi Romania) issued a notice of full redemption of the EUR 450 million bonds carrying a 2.5% coupon issued by the company in 2020 maturing in January 2025.\u00a0The actual redemption date will be on September 27. The […]<\/p>\n","protected":false},"author":0,"featured_media":0,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[1],"tags":[],"class_list":["post-1697","post","type-post","status-publish","format-standard","hentry","category-uncategorized"],"_links":{"self":[{"href":"https:\/\/ofero.news\/index.php?rest_route=\/wp\/v2\/posts\/1697","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/ofero.news\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/ofero.news\/index.php?rest_route=\/wp\/v2\/types\/post"}],"replies":[{"embeddable":true,"href":"https:\/\/ofero.news\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=1697"}],"version-history":[{"count":0,"href":"https:\/\/ofero.news\/index.php?rest_route=\/wp\/v2\/posts\/1697\/revisions"}],"wp:attachment":[{"href":"https:\/\/ofero.news\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=1697"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/ofero.news\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=1697"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/ofero.news\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=1697"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}