Cuatrecasas instructed on Másmóvil bond issue

Cuatrecasas, Gonçalves Pereira advised Másmóvil Ibercom on its €27m senior unsecured bond issue, with a 5.5% interest rate and maturity in 2020.

The firm also advised on the bond placement process – involving qualified investors – conducted by placement agents Intermoney Valores and Andbank España.

With the debt issue, Másmóvil aims to raise financing new growth opportunities, such as access to 4G/LTE, which will enable the company to compete with the leading “one-stop telecommunications operators”.

Jaime de la Torre, a partner in Cuatrecasas’ corporate and commercial department, led the transaction.