Yellow Pages bonds at 11%

Yellow Pages Group (YPG) says that it is looking at a minimum interest rate of at least 11% for proposed $300 million bond offer.

Wednesday, August 22nd 2007, 7:38AM

YPG announced earlier this month that it was considering making an offer of six-year secured, subordinated and cumulative debt securities, carrying a fixed rate of interest to be paid on a semi-annual basis until maturity on 31 October 2013.

Private equity firm CCMP Capital Asia and Teachers' Private Capital acquired YPG from Telecom in April. Proceeds from the bonds, to be issued by YPG Bond Finance, would be used to repay part of the acquisition funding.

It is envisaged that this offer document will be publicly available from late August.

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Yellow Pages bonds at 11%

Yellow Pages Group (YPG) says that it is looking at a minimum interest rate of at least 11% for proposed $300 million bond offer.

Wednesday, August 22nd 2007, 7:38AM

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