Guarantor: Telefónica SA
Maturity: 31 January 2014
Issue/re-offer price: 100.00
Spread at re-offer: 105bp over the 5% September 2014 Gilt
Launch date: Thursday 14 December
Payment date: 28 December
Joint books: Barclays Capital, Goldman Sachs, UBS
Bookrunners' comment:Telefónica is a fantastic credit. It has assets worth Eu110m, high operating cashflows ...
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