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Altice International is said to be ready to tap the bond markets in H2 2023 to address its 2025 maturities and “potentially” its debts due 2026, as per an investor call. Altice said that it was confident about delivering on the sale of its Portugal data center to Horizon Equity for €100mn. The telecom company’s management said that they can refinance debt and supplement it with its asset sale proceeds.
Its 5.75% dollar bonds due 2029 jumped higher by 3.4 points to 78.4, yielding 10.7%.