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Cellnex Telecom SA ( (ES:CLNX) ) just unveiled an update.
Cellnex Telecom SA has announced the successful pricing of a 750 million euro bond issuance through its subsidiary, Cellnex Finance Company S.A.U. The bonds, which are part of the company’s Euro Medium Term Note Programme, are aimed at qualified investors and will mature in May 2032 with a 3.5% annual coupon. This strategic financial move is expected to reduce the effective annual cost by over 10 basis points due to hedging instruments and will support the company’s general corporate purposes, potentially strengthening its market position and operational capabilities.
The most recent analyst rating on (ES:CLNX) stock is a Buy with a EUR41.00 price target. To see the full list of analyst forecasts on Cellnex Telecom SA stock, see the ES:CLNX Stock Forecast page.
More about Cellnex Telecom SA
Cellnex Telecom SA is a leading telecommunications infrastructure operator in Europe, providing services such as wireless telecommunications towers and broadcasting infrastructure. The company focuses on expanding its network and services across multiple European markets.
YTD Price Performance: 9.51%
Average Trading Volume: 1,527,614
Technical Sentiment Signal: Hold
Current Market Cap: €23.57B
For an in-depth examination of CLNX stock, go to TipRanks’ Stock Analysis page.