Vodafone is looking to raise €2.75bn (US$3.55bn) by issuing two bonds through its euro medium-term note programme.
The British telco has priced €1.75bn (US$2.26bn) of 1% notes due 2020 at 99.348, 53 bps over mid-swaps, and €1bn (US$1.29bn) of…
Vodafone is looking to raise €2.75bn (US$3.55bn) by issuing two bonds through its euro medium-term note programme.
The British telco has priced €1.75bn (US$2.26bn) of 1% notes due 2020 at 99.348, 53 bps over mid-swaps, and €1bn (US$1.29bn) of 11-year 1.875% notes at 98.913, 75 bps over mid-swaps, according to a term sheet published by Reuters.
BNP Paribas, RBS, Santander and Unicredit are the lead managers on the offering, which has been rated Baa1 by Moody’s.
The group has been acquisitive so far this year, most recently in Greece where it has agreed to take control of broadband operator Hellas Online for €73m.
