Telekom Austria has priced a €750m (US$1bn) 10-year bond as part of a new €2.5bn (US$3.3bn) euro medium term note programme.
A Telekom Austria spokesperson confirmed the bond matures in April 2022, has a coupon of 4% and a reoffer price of 98.984….
Telekom Austria has priced a €750m (US$1bn) 10-year bond as part of a new €2.5bn (US$3.3bn) euro medium term note programme.
A Telekom Austria spokesperson confirmed the bond matures in April 2022, has a coupon of 4% and a reoffer price of 98.984.
The pricing is equivalent to a spread of 175 basis points above the mid-swaps rate, according to the summary.
Moody’s has assigned a ‘Baa1’ rating with a stable outlook to the offering, while Standard & Poor’s has rated it ‘BBB’ with a stable outlook.
BNP Paribas, Erste, Raiffeisen Bank International and Royal Bank Scotland are lead managers for the issue.
Telekom Austria confirmed in a short statement yesterday that its finance subsidiary Telekom Finanzmanagement (TFG) plans to issue a benchmark-sized senior unsecured eurobond, off the newly-established €2.5bn euro medium term note programme, “subject to market conditions”.
The programme prospectus names RBS as the arranger and BNP Paribas as the principal paying agent. Bawag PSK, BNP Paribas, Citigroup, Erste, Raiffeisen Bank, and RBS are listed as dealers.
According to the prospectus, dated 23 March, Telekom Austria and TFG may issue notes in any currency from time to time to one or more dealers.
