Vantage Towers AG: Debut on the bond market

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pta20210330036
Corporate announcement for the capital market

Düsseldorf (pta036 / 03/30/2021 / 18:55) –

NOT FOR DIRECT OR INDIRECT DISCLOSURE OR DISCLOSURE IN THE UNITED STATES, AUSTRALIA, CANADA, JAPAN OR ANY OTHER JURISDICTION WHERE THE DISCLOSURE OR PUBLICATION IS NOT PERMITTED BY LAW

Vantage Towers: Debut in the bond market

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Vantage Towers debuts in the bond market with a successful € 2.2 billion transaction

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Strong demand from international investors

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The bond consists of a 4-, 6- and 9-year tranche

Düsseldorf, March 30, 2021

– Vantage Towers successfully placed its first bond transaction for EUR 2.2 billion on March 24, 2021. This consists of three tranches: € 750 million at 0.000% due in 2025, € 750 million at 0.375% due in 2027 and € 700 million at 0.750% due in 2030. March 2021 and are rated Baa3 by Moody’s and BBB- by S&P. The transaction was a draw from Vantage Towers’ new Debt Issuance Program.

The bond market debut followed the successful listing of Vantage Towers on the Frankfurt Stock Exchange. The Vantage Towers IPO was the largest telecommunications IPO in Europe since 2004 and the largest German IPO since 2018.

The net proceeds from the transaction will be used to repay the EUR 2.4 billion temporary loan taken out as part of the IPO process. The bond’s banking syndicate consisted of BofA Securities, BNP Paribas, Citibank, Deutsche Bank, LBBW and SMBC Nikko.

Vivek Badrinath, CEO Vantage Towers:

“Following our successful listing on the Frankfurt Stock Exchange, our start on the bond market is another important milestone in strengthening our presence on the capital markets. We are delighted with the strong support from our international investor base. Together we contribute to better connectivity and sustainable digitization of Europe. ”

Thomas Reisten, CFO Vantage Towers:

“After our successful entry into the Prime Standard on the German stock exchange and our investment grade rating by Moody’s and S&P, I am very pleased with the successful placement of our bond. With the strong support of our syndicate banks, we were able to successfully bring the bonds totaling EUR 2.2 billion to the market at an attractive price. This is also shown by the great support from our investors with final order books of EUR 6.6 million. ”

About Vantage Towers

With 82,000 radio mast locations in ten countries, Vantage Towers is a leading radio mast operator in Europe, connecting people, businesses and internet-enabled devices – in cities and in the country.

The company was founded in 2020 and is based in Düsseldorf. Vantage Towers has been listed in the Prime Standard of the Deutsche Börse in Frankfurt since March 18, 2021.

The Vantage Towers portfolio includes towers, masts, roof sites, Distributed Antenna Systems (DAS) and small cells. By building, operating and leasing this passive infrastructure to Vodafone and other wireless network operators, Vantage Towers is making a significant contribution to better connectivity and sustainable digitization in Europe.

For more information, please visit our website at www.vantagetowers.com, follow us on Twitter at @VantageTowers, or connect with us on LinkedIn at www.linkedin.com/company/vantagetowers.

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Emitter: Vantage Towers AG
Prinzenallee 11-13
40549 Düsseldorf
Germany
Contact Person: Sarah Rötzer
Tel.: +491722000038
E-mail: [email protected]
Website: www.vantagetowers.com
The stock market: Regulated market in Frankfurt
ISIN (s): DE000A3H3LL2 (share)





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Vantage Towers Debut bond market

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