Issued by Numericable, the French cable operator, and its parent group Altice, a multinational cable and telecommunications company based in Luxembourg, the proceeds of the bonds will be used to finance part of the acquisition of SFR, the French telecom unit of Vivendi. The issue is composed of four tranches in US dollars and three tranches in euros.

Primary market demand for this record-breaking high-yield bond financing was high and it was largely oversubscribed, with strong interest from across the world.

This listing further strengthens the position of the Luxembourg Stock Exchange as the European leader for high-yield bonds, for which it has more than sixty per cent market share.

Robert Scharfe, CEO of the Luxembourg Stock Exchange, said: “The listing of these high-yield bonds of Numericable and Altice is a great recognition for the Luxembourg Stock Exchange which will continue to use its expertise in international capital markets to support innovative financing structures.”