"After the first round of 5G spectrum bidding, WOM faces a crucial challenge. Although it was awarded the largest number of towers in the country in the bidding, it was unable to meet the delivery deadline, which expired on October 7. The current price and rate level of its bonds is affected by this situation," he explained.
Zañartu added that "there is uncertainty about WOM's refinancing strategy for its bond maturing in 2024. To date, they are considering the possibility of refinancing the bond through a syndicated loan in collaboration with several banks".
Our Latin American Fixed Income Analyst, Cristián Ignacio Zañartu Ramírezwas consulted by Diario Financiero regarding the fall of Wom's Kenbourne bond.
"After the first round of 5G spectrum bidding, WOM faces a crucial challenge. Although it was awarded the largest number of towers in the country in the bidding, it was unable to meet the delivery deadline, which expired on October 7. The current price and rate level of its bonds is affected by this situation," he explained.
Zañartu added that "there is uncertainty about WOM's refinancing strategy for its bond maturing in 2024. To date, they are considering the possibility of refinancing the bond through a syndicated loan in collaboration with several banks".