Cosmoté plans EUR1 billion bond issue

6 Jul 2005

Greek mobile operator Cosmoté is planning to issue EUR1 billion of corporate bonds in three tranches between now and the end of August, the company said in a statement. The proceeds from the sale, fully underwritten by the cellco’s parent OTE, will be used to finance existing debt and current operating costs, and assist with international expansion.

Greece, Cosmote (old)