Romanian telecom operator RCS&RDS has mandated six banks to start a roadshow for international investors and prepare a bond issue on international markets to refinance older debts.

JPMorgan and Citi will be lead managers whereas Deutsche Bank, UniCredit, Societe Generale, and ING will be joint managers within the operation, sources told Bloomberg, reports local Economica.net.

The company wants to start a bond issue in euro or lei or both currencies.

A “roadshow” means marathon meetings with investors to present the company and promote the bond issue. The presentations for investors will take place this month.

RCS&RDS has been considering various solutions to refinance its debts and finance the investments in expanding its operations. In 2007, the company planned an initial public offering (IPO) on the London Stock Exchange but withdrew the plan at the last minute, opting instead for a bank loan of over EUR 450 million.

The company then carried out a EUR 450 million international bond issue in 2013.

editor@romania-insider.com