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Cellnex Telecom, the broadcasting towers business of infrastructure group Abertis, plans to issue its first bonds to reshape its EUR 1.1bn of corporate debt.
Cellnex, based in Barcelona with telecoms towers in Spain and Italy, gained new ratings of BBB- from Fitch on Tuesday and BB+ from Standard & Poor's on Wednesday. S&P also said the company was planning a senior unsecured bond issue.
The company has mandated Barclays and Goldman Sachs,...