Norwegian incumbent Telenor yesterday priced a €1bn dual tranche bond with lead managers Barclays, Citigroup, HSBC and JP Morgan.
The first €500m tranche carries a 1.75% coupon and was priced at 99.101, on a spread of 45 basis points over midswaps….
Norwegian incumbent Telenor yesterday priced a €1bn dual tranche bond with lead managers Barclays, Citigroup, HSBC and JP Morgan.
The first €500m tranche carries a 1.75% coupon and was priced at 99.101, on a spread of 45 basis points over midswaps. This tranche is due to mature on 15 January 2018.
Telenor’s second €500m tranche has a 2.75% coupon and was priced at 99.457, on a spread of 80 basis points over midswaps. It will mature on 27 January 2022.
The debt was issued under the group’s Euro Medium Term Note programme.
