Spanish incumbent Telefonica is reportedly looking to price a €750m 5-year bond.
BofA Merrill Lynch, Banca IMI, Barclays, BBVA and Mediobanca are reported to be managing the transaction.
Telefonica was unable to comment before the press…
Spanish incumbent Telefonica is reportedly looking to price a €750m 5-year bond.
BofA Merrill Lynch, Banca IMI, Barclays, BBVA and Mediobanca are reported to be managing the transaction.
Telefonica was unable to comment before the press deadline.
Reports suggest initial price thoughts were around 510 basis points over midswaps, and the bond’s order book has reached in excess of €7bn.
Telefonica’s eurobond is one of several being launched today, as companies tap favourable markets ahead of the European Central Bank’s eurozone crisis talks on Thursday. Other telcos pricing bonds today include Germany’s Unitymedia and French incumbent France Telecom.
