COPENHAGEN, Denmark, April 10, 2001 (PRIMEZONE) -- TDC (NYSE:TLD) issued EUR 1bn in 5-year bonds with the following details:
Size: 1.0bn Currency: EUR Maturity: April 2006 Coupon: 5 7/8 Price: 99.768
The proceeds from the offering will be used to reduce short-term borrowings primarily resulting from TDC's acquisition of diAx and sunrise, which was completed in January 2001.
The issue was lead managed by Goldman Sachs and UBS Warburg and was completed after an extensive road show covering Denmark, France, Germany, The Netherlands and The United Kingdom.
"I am proud to announce that the appetite for our bonds was strong, which reflects investors' appreciation of our strong cash flow and our solid financial position," said Hans Munk Nielsen, Chief Financial Officer.
TDC, formerly Tele Danmark, is a Danish-based European communication solutions provider organized as seven main business units: TDC Tele Danmark, TDC Mobile International, TDC Internet, TDC Switzerland, TDC Cable TV, TDC Services and TDC Directories A/S. TDC is the leading provider of communications services in Denmark, the second largest communications provider in Switzerland, and holds significant interests in a range of communications companies across Northern and Continental Europe. TDC was privatized in 1994. Today, SBC Communications owns 41.6% of the shares and the remainder are held by individual and institutional shareowners all over the world.
TDC Listings Shares: Copenhagen Stock Exchange. Reuters TLD.CO. Bloomberg TLD DC. Nominal value DKK 5. ISIN DK00-1020242-3. SEDOL 4889874. ADSs: New York Stock Exchange One ADS represents half of one ordinary share Reuters TLD.N. Bloomberg TLD US. SEC 1-12998. Half of one ordinary share. CUSIP 879242105. SEDOL 2883094.