Telefónica Emisiones Sau

23 Jan 2009

Rating: Baa1/A-/A-
Amount: Eu2bn
Maturity: 3 February 2014
Issue/re-offer price: 100.00
Coupon: 5.431%
Spread at re-offer: 250bp over mid-swaps
Launched: Tuesday 20 January
Payment date: 3 February
Joint books: Barclays Capital, BBVA, BNP Paribas, Calyon, HSBC, Royal Bank of Scotland

Bookrunners’ comment:

Telefónica is probably the best telco name. It’s very well diversified with a good cashflows. So ...

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