British Telecommunications should launch its Eu5bn equivalent jumbo bond issue in euros and sterling via Barclays Capital, Deutsche Bank and HSBC CCF next week, soon after completing European roadshows on Wednesday. The structure of the transaction has yet to be decided, but syndicate officials are speculating that in euros three and 10 year fixed rate tranches will be offered alongside a short dated floating rate note, and that sterling issuance will be between five and 15 years, with no 30 year sterling tranche.
January 12, 2001
