Telia shows its class with 12 year at tight premium

10 Feb 2012

TeliaSonera, the Swedish and Finnish telecoms group, underlined the strength of its following in the corporate bond market on Tuesday by launching the longest-dated benchmark deal in euros so far this year. The €750m 12 year note also boasted one of the tightest new issue premiums of 2012.

"This is another step in the restoration of full confidence in the market," said a syndicate banker at one of the leads, Crédit Agricole, Deutsche Bank, ING and Royal Bank of Scotland. "Nearly every day we are breaking new records. Last week we had the first deal with ...

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