bond movements: A transaction would be valued at about 18 billion, they said, according to The Japan Times. But Monday's bond movements have made a deal less likely to occur because the offer price is now lower than where the bonds are trading, the sources said. A deal is conditioned on setting aside money to purchase Intelsat bonds from investors at a price higher than their trading prices last week, though that would still be below par value, according to the sources, who asked not to be identified discussing private information. OneWeb is also in discussions with SES SA, Inmarsat PLC and Telesat Holdings Inc., they said. Intelsat operates a combined satellite-terrestrial communications network that can deliver video and broadband services anywhere in the world. Intelsat declined comment, and One Web and the other companies didn't immediately return requests for comment.
(news.financializer.com). As
reported in the news.
Tagged under bond movements, offer price topics.