No pick-up for investors as Telstra pockets €1bn

14 Mar 2012

Telstra, the Australian telecoms company, brought to fruition the investor marketing it did in Europe in the last week of February, by issuing a €1bn bond today that one observer saw as priced flat to its own secondary curve.

Half a dozen Australian companies have roadshowed in Europe in the past six months and decided not to issue, as they can obtain much better pricing in Australian dollars, mainly because of the basis swap cost. However, bankers had flagged Telstra as the most likely to go through ...

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.