Telefónica dials single digit premium for €3bn of 10 year orders

Telefonica-Germany.jpg
By Nigel Owen
07 Sep 2017

Telefónica printed the largest single tranche of the day on Tuesday, with a €1.25bn deal with a January 2028 maturity. Despite competing with three other corporate bond deals in the euro market, the deal built a €3bn order book and was printed with a single digit new issue premium.

The Spanish telecoms provider last came to the euro market with a dual-tranche eight year and 11.7 year deal in January, but the combined order book was smaller than Tuesday’s single tranche deal and the new issue premiums were 7bp on the shorter tranche and low teens on ...

Please take a trial or subscribe to access this content.

Contact our subscriptions team to discuss your access: subs@globalcapital.com

Or sign up for a trial to gain full access to the entire site for a limited period.

Free Trial

Corporate access

To discuss GlobalCapital access for your entire department or company please contact our subscriptions sales team at: subs@globalcapital.com or find out more online here.