Deutsche Telekom offers triple tranche, skews to the 10
With the euro primary market to itself, Germany’s largest telecommunications provider announced a €3.5bn triple tranche bond deal on Monday morning, luring investors to the long end of its offering.
The Baa1/BBB+/BBB+ rated issuer announced three benchmark tranches of long four, seven and 10 year tranches.BNP Paribas, Credit Suisse and Deutsche Bankgave initial price thoughts in the 40bp-45bp area over mid-swaps for the four year, the 65bp area over mid-swaps for the seven ...
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