Telefónica wraps up export credit line as forward start rolls on

Spain’s Telefónica has signed a new 10 year export credit facility with a syndicate of five banks. The telecoms firm, which is also in the market with a forward start line to refinance the remaining portion of its O2 acquisition facility from 2006, had mandated Société Générale to lead its new export credit line as agent and mandated lead arranger.