Spanish incumbent Telefonica has priced €200m (US$287.5m) worth of floating rate notes due 2016.
The notes priced at par and carry a coupon equal to 65 basis points over the three-month Euribor rate. They mature on 26 March 2016.
Barclays is the lead…
Spanish incumbent Telefonica has priced €200m (US$287.5m) worth of floating rate notes due 2016.
The notes priced at par and carry a coupon equal to 65 basis points over the three-month Euribor rate. They mature on 26 March 2016.
Barclays is the lead manager for the issue. Launched under the issuer’s EMTN programme, the notes will be listed on the London Stock Exchange.
Last November, Telefonica issued a £600m (US$966m) hybrid bond with a perpetual maturity.
