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Columbus Scores US$1.25b – Bond Offer Six Times Oversubscribed

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Columbus International Inc, the company that owns triple-play company Flow, has successfully raised US$1.25 billion of capital on the bond market, about a quarter of which will finance expansion plans across its markets.

The company attracted offers that were six times its targeted fundraising.

Columbus says the majority of the funds will refinance US$852 million of existing debt, while US$100 million may be paid out to shareholders.

The company said it is still mulling whether to pay the dividend.

Published in The Gleaner
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