Datagroup planning USD 50 mln Eurobond issue in 2010
22 March 2010
Datagroup, a Ukrainian telecommunications operator, is planning to issue USD 50 mln in Eurobonds with an 11-12% coupon (paid semiannually), daily Kommersant reported this morning. Datagroup plans to make the notes convertible into shares in an IPO to take place 24-36 months after the Eurobond placement. Datagroup reported its 2009 unaudited financials: USD 48.6 mln in revenue (up 8.6% yoy), EBITDA of USD 20.3 mln (up 33.5% yoy) and an EBITDA margin of 41.8%, vs. 34.0% in 2008.
