Indebted Spanish telecoms giant Telefonica has priced a €1.2bn bond to mature in January 2020.
The notes carry a coupon of 4.71% and priced at par. The notes are issued under its guaranteed Euro medium term note programme
Reuters said the issuance…
Indebted Spanish telecoms giant Telefonica has priced a €1.2bn bond to mature in January 2020.
The notes carry a coupon of 4.71% and priced at par. The notes are issued under its guaranteed Euro medium term note programme
Reuters said the issuance attracted €8bn of offers, and that BayernLB, BNP Paribas, Citigroup, Commerzbank, Mitsubishi and Societe Generale were the lead managers.
Telefonica Emisiones SAU issued the bond while Telefonica SA guaranteed the issue, which received a Baa2 rating from Moody’s.
The closing date is scheduled for execution on 19 October.
The offering follows an upsized €1bn 5-year bond priced in early September that had a 5.811% coupon.
This week Telefonica has also decided to list part of its O2 Germany unit.
At the end of June Telefonica registered net debt of €58.3bn.
