Australian incumbent Telstra has priced €1bn (US$1.3bn) worth of bonds maturing in 2022, according to a Reuters report.
The bond, which carries a coupon of 3.5%, priced at 99.617 to yield 3.513%. The pricing is equivalent to a spread of 115 basis …
Australian incumbent Telstra has priced €1bn (US$1.3bn) worth of bonds maturing in 2022, according to a Reuters report.
The bond, which carries a coupon of 3.5%, priced at 99.617 to yield 3.513%. The pricing is equivalent to a spread of 115 basis points over mid-swaps.
The lead managers on that transaction were Deutsche Bank, HSBC and JP Morgan, Reuters said.
Moody’s gave an ‘A2’ rating to the transaction, Standard & Poor’s an ‘A’, and Fitch an ‘A’.
Telstra recently finalised A$11bn (US$11.6bn) worth of agreements to participate in the country’s national broadband network project.
