Spanish incumbent Telefonica is planning to make a private placement of €120m of notes maturing in 2017.
According to a report in the official bulletin of the Spanish commercial register (BORME), the notes will carry an interest rate of 4.75%, priced…
Spanish incumbent Telefonica is planning to make a private placement of €120m of notes maturing in 2017.
According to a report in the official bulletin of the Spanish commercial register (BORME), the notes will carry an interest rate of 4.75%, priced at 98.518 and will be issued on 7 February.
A Telefonica spokesman said that no bookrunners are involved, although an unnamed bank had introduced private investors to Telefonica.
He added that the bond had the same conditions as the offering of €1.2bn offering of six-year notes that Telefonica issued in February 2011.
This was subsequently increased by €100m in a private placement in March 2011.
