Cable and Wireless plc (CW.L) said it will be seeking to raise about $500 million aggregate principal amount from an offering of senior secured notes due 2017. The proceeds from the notes would be used to refinance existing debt in the context of the demerger announced separately today, and to fund working capital needs.
The notes would be issued by Sable International Finance Ltd and guaranteed by Cable and Wireless plc and certain of its non-operating units and, following the scheme, by Cable & Wireless Communications plc.
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June 05, 2026 16:18 ET A busy week for economic news flow saw a slew of reports being released that reflected the trends in the U.S. labor market. In Europe, economic growth and inflation data gained attention as the European Central Bank and Bank of England head for policy session later in the month. In Asia, the monetary policy session of the Indian central bank was in focus as the country, a major oil importer, reels under the pressures of a weaker rupee and rising inflation.