Telefónica dials banks for Eu8bn
Spain’s Telefónica is trying to raise an Eu8bn syndicated loan, partly to help fund its Eu7.15bn bid to buyout Vivo, the Brazilian mobile phone group, from Portugal Telecom. The rest of the money would refinance existing debt, including a Eu6bn forward start from last year. Such a loan would be one of the biggest acquisition facilities this year. Read more on Friday.
Unlock this article.
The content you are trying to view is exclusive to our subscribers.
To unlock this article:
- ✔ 4,000 annual insights
- ✔ 700+ notes and long-form analyses
- ✔ 4 capital markets databases
- ✔ Daily newsletters across markets and asset classes
- ✔ 2 weekly podcasts