France Telecom has placed JPY52.3bn (E460m) worth of Samurai bond in two tranches.
A five-year fixed rate tranche, worth JPY46.1bn, has a coupon of 1.23% and a re-offer spread of 52bp, while a five-year floating rate tranche, worth JPY6.2bn has a coupon…
France Telecom has placed JPY52.3bn (E460m) worth of Samurai bond in two tranches.
A five-year fixed rate tranche, worth JPY46.1bn, has a coupon of 1.23% and a re-offer spread of 52bp, while a five-year floating rate tranche, worth JPY6.2bn has a coupon of three-month Yen Libor + 67bp and a re-offer spread of 67bp.
The lead managers are reportedly Daiwa Securities Capital Markets, Mitsubishi UFJ, Morgan Stanley Securities and Mizuho Securities.
In a release, the French operator said: “This bond issue fits well the Group’s financing policy consisting in actively anticipating its debt redemptions and diversifying its funding sources. Furthermore, this first Yen transaction under the Samurai format illustrates the intention of France Telecom to maintain a presence in this market in the coming years.”