Polsat Cyfrowy redeems bonds

Ellieme 2, a subsidiary of WSE-listed media group Cyfrowy Polsat, will redeem €542.5 million and $500 million bonds slated to mature in 2020 on February 1, 2016, the firm said in a market filing. Redemption will come at 105.875 percent of face value for 11.75 percent coupon € papers and 105.813 percent for the 11.625 percent bearing USD papers, Cyfrowy Polsat said. The redemption follows massive financing deals secured in September 2015 for refinancing existing debt.