UK telecoms incumbent BT has priced a €1bn (US$1.4bn) five-year bond at 99.508%.
The notes, which mature on 10 June 2019, carry a coupon of 1.125% and yield 1.227%.
Barclays, HSBC, Mitsubishi, Mizuho and RBS are lead managers on the transaction.
The…
UK telecoms incumbent BT has priced a €1bn (US$1.4bn) five-year bond at 99.508%.
The notes, which mature on 10 June 2019, carry a coupon of 1.125% and yield 1.227%.
Barclays, HSBC, Mitsubishi, Mizuho and RBS are lead managers on the transaction.
The new debt comes as the group makes a renewed push into the UK’s mobile market by striking up an MVNO deal with its largest player EE.
BT’s mobility strategy will see it leverage on its wifi proposition inside and outside premises, building on the 4G spectrum it acquired last year.
Its new bond is rated Baa2 by Moody’s, BBB by S&P, and BBB by Fitch.
