Telekom Austria to roadshow for hybrid

On Wednesday, Telekom Austria satisfied speculation about its plans for hybrid issuance by announcing a mandate to Citigroup, Morgan Stanley (structuring advisers), BofA Merrill and UniCredit to arrange a perpetual hybrid transaction in euros.

  • 17 Jan 2013

Telekom Austria is rated Baa1 (negative)/BBB (stable), so the 50% equity credit hybrid will likely be rated Baa3/BB+. No details have been given on size or the first call date.

The roadshow will begin today (Friday) with one-on-one conference calls, and visit Munich and Frankfurt on Monday, London on ...

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