Deutsche Telekom gets another €500m very tightly from small band of friends
Deutsche Telekom is renowned as an issuer that likes to do its own thing, in its own way, and its seven year bond issue on Wednesday was no exception. The deal raised €500m of tightly priced seven year funding for DT, but is unlikely to have made it any new friends in the bond market.
Market participants were startled to see the German telecoms company, rated Baa1/BBB+/BBB+, return to the euro market so quickly. It had not issued in the currency publicly since October 2010, but on Wednesday last week it had sold a 650m 12 year issue.That deal, led by Deutsche ...
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