Telekom Austria has priced a €300m (US$392m) 10-year bond.
The Austrian incumbent is issuing the bond, which carries a coupon of 3.5% and matures on 4 July 2023, via subsidiary Telekom Finanzmanagement.
The reoffer price is 99.503 and the spread…
Telekom Austria has priced a €300m (US$392m) 10-year bond.
The Austrian incumbent is issuing the bond, which carries a coupon of 3.5% and matures on 4 July 2023, via subsidiary Telekom Finanzmanagement.
The reoffer price is 99.503 and the spread equals 155 basis points.
Payment is set for 4 July.
Lead managers for the issue are DZ Bank, Lloyds Bank and Mitsubishi UFJ Securities.
Moody’s has rated the notes, launched under the issuer’s EMTN programme, Baa1, while Standard & Poor’s has rated them BBB.
Telekom Austria reported revenues of €1.05bn for Q1 2013, down 0.6% from the same period last year. EBITDA was down 6.8% to €336.9m. Net debt on 31 March 2013 stood at €2.94bn, down 9.5% from the 31 December 2012 figure.
Telekom Austria last tapped bond markets in January when it placed a €600m hybrid.
