Incumbent Portugal Telecom is close to pricing a seven-year benchmark eurobond, according to market reports.
BofA Merrill Lynch, Banco Espirito Santo, BNP Paribas, Caixa and HSBC are bookrunners, reports said.
Although the senior unsecured notes are…
Incumbent Portugal Telecom is close to pricing a seven-year benchmark eurobond, according to market reports.
BofA Merrill Lynch, Banco Espirito Santo, BNP Paribas, Caixa and HSBC are bookrunners, reports said.
Although the senior unsecured notes are yet to be priced, a yield of around 4.875% is reportedly expected.
PT last hit the debt market six months ago. Last October it sold €750m of 5.5-year 5.875% notes at 99.47. At the time the company said it was refinanced up until 2016.