KKR-Era Debt Is Displaced by Cheaper Bonds at TDC: Nordic Credit

TDC A/S plans to sell new bonds at interest rates it says are likely to be much lower than those paid five years ago while it was owned by a group of private equity buyers including KKR & Co.

“A lot has happened since we issued one of the bonds in 2009,” Pernille Erenbjerg, chief financial officer at Denmark’s biggest phone company, said in an interview. “It’s now a new era, both for TDC, which is no longer controlled by private equity funds, and for the bond market, where yields have just gone down.”