Jones Day advises Paraguay’s Telecel on debt issuance
Jones Day has advised Millicom’s subsidiary Telefónica Celular del Paraguay (Telecel) on its $250 million International re-tap offering of senior notes to its $300 million, 5.875 per cent senior notes due 2027 issued in April 2019.
BNP Paribas acted as global coordinator for the offering and BBVA, Citigroup and Itaú BBA acted as joint bookrunners.
Telecel, a subsidiary of Millicom International Cellular, is a leading telecommunications company in Paraguay, operating under the Tigo brand, providing a wide range of mobile and fixed communications services, including voice, text messaging, high-speed data, cable television, fixed internet and business solutions in addition to value added services such as the Tigo Sports channel.
The Jones Day team advising Telecel is led by Marie Elena Angulo (pictured) in Miami and included Gabriel A. de Corral (Miami), Maria P. Abadia (Miami), Betsy L. Mead (New York), and Fradyn Suarez (Miami), all part of the firm’s financial markets practice.
