Spanish incumbent Telefonica has launched a E1.2bn six-year bond issue that will be executed on 7 February, according to a stock market filing.
A source close to the situation confirmed reports that Deutsche Bank, BBVA, BNPP and Lloyds have been mandated…
Spanish incumbent Telefonica has launched a E1.2bn six-year bond issue that will be executed on 7 February, according to a stock market filing.
A source close to the situation confirmed reports that Deutsche Bank, BBVA, BNPP and Lloyds have been mandated for the issue, which will have a reoffer price of 100%.
Initial guidance was targeted on the mid-swaps plus 190bp area, reported Thomson Reuters service IFR on Monday.
The move follows last September’s E1bn seven-year notes issue, which served to reopen the bond market for companies in Spain following a six-month lull.
This bond received interest from more than 300 investors, mainly German, English and French, and carried a 3.661% coupon. Bank of Tokyo-Mitsubishi UFJ, BNP Paribas, Citi and Santander acted as bookrunners.
Telefonica declined to comment on further details about the recent bond issue.