France Telecom has raised about E1.1bn in bonds to help make an early repayment of its US$3.37bn outstanding debt.
The company placed US$750m 2.125% five-year notes, with BofA Merrill Lynch, Citi, HSBC and Morgan Stanley acting as bookrunners.
In…
France Telecom has raised about E1.1bn in bonds to help make an early repayment of its US$3.37bn outstanding debt.
The company placed US$750m 2.125% five-year notes, with BofA Merrill Lynch, Citi, HSBC and Morgan Stanley acting as bookrunners.
In addition, it also sold E500m 3.375% 12-year notes via bookrunners BoA Merrill Lynch, BBVA and RBS.
Both issues will help repay the US$3.37bn 7.75% notes maturing on March 1, 2011. The balance will be paid by the company’s available cash, which on June 30 stood at E8.1bn.
