Cablenet Communication Systems plc - Proposed Bond Issue Slide Show

On 4 June 2020, GO plc announced that Cablenet Communication Systems Limited (GO’s subsidiary in Cyprus) published a slide show in relation to the proposed issuance of €40 million 4% unsecured bonds maturing in 2030. The proceeds from the bonds are largely earmarked for financing capital expenditure (€14.6 million) to support the continued growth of Cablenet particularly in the mobile segment as well as refinance existing debt (€21.7m).

The proposed issuance of bonds is subject to a number of conditions, including but not limited to the conversion of Cablenet to a public limited liability company. Accordingly, GO will make further announcements in this respect as and when appropriate.