Telstra Prices EUR1 Billion 3.5% 2022 Bond At 99.617
15 March 2012 - 2:13AM
Dow Jones News
Australian telecom company Telstra Corp. (TLS.AU) has priced its
EUR1 billion, 10.5-year bond at 115 basis points over midswaps, one
of the banks running the deal said Wednesday.
This is tighter than initial price guidance, which was between
120 to 125 basis points over midswaps.
Deutsche Bank AG, HSBC Holdings PLC and JPMorgan Chase and Co.
were the lead managers on the deal.
The terms of the transaction are as follows:
Amount: EUR1 billion
Maturity: Sept. 21, 2022
Coupon: 3.5%
Reoffer Price: 99.617
Payment Date: March 14, 2012
Spread: 115 basis points over midswaps
Debt Ratings: A2 (Moody's)
A (Standard & Poor's)
A (Fitch)
Denominations: EUR1,000
Listing: London
Interest: Annual
-By Sarka Halas, Dow Jones Newswires; +44 (0) 207 842 9236;
Sarka.Halasova@dowjones.com
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