France Telecom said it has placed in the United States US$900m in 30-year fixed rate notes, in one tranche.
The notes carry a coupon of 5.375% and a re-offer spread of +240bps above US treasury bonds.
Most of this bond is swapped into euros at a rate…
France Telecom said it has placed in the United States US$900m in 30-year fixed rate notes, in one tranche.
The notes carry a coupon of 5.375% and a re-offer spread of +240bps above US treasury bonds.
Most of this bond is swapped into euros at a rate of 4.88 %, the company said.
BNP Paribas, BofA Merrill Lynch, HSBC and Morgan Stanley are acting as bookrunners.
The company said it “seized a window of opportunity in the dollar bond market to continue to extend the maturity of its debt while anticipating further its future redemptions and keeping diversifying its funding sources.”
