TIDM0TDE
RNS Number : 5077N
Telefonica SA
20 May 2020
TELEFÓNICA, S.A., in compliance with the Securities Market
legislation, hereby communicates the following
OTHER RELEVANT INFORMATION
Further to the communication made on 13 May 2020, Telefónica
Emisiones, S.A.U. (the "Issuer") announces the final results of the
invitations to holders to tender for purchase by the Issuer for
cash (each such invitation an "Offer" and together the "Offers") of
the following notes:
(i) EUR 1,000,000,000 3.961 per cent. Instruments due March 2021
(the "March 2021 Instruments"),
(ii) EUR 1,000,000,000 1.477 per cent. Instruments due September
2021 (the "September 2021 Instruments"),
(iii) EUR 1,400,000,000 0.750 per cent. Instruments due April
2022 (the "April 2022 Instruments"),
(iv) EUR 1,250,000,000 2.242 per cent. Instruments due May 2022
(the "May 2022 Instruments"),
(each a "Series" and together the "Instruments") irrevocably
guaranteed by Telefónica, S.A. (the "Guarantor").
The Offers were made on the terms and subject to the conditions
contained in the tender offer memorandum dated 13 May 2020 (the
"Tender Offer Memorandum") and are subject to the offer
restrictions more fully described in the Tender Offer
Memorandum.
The Issuer will (subject to satisfaction or waiver of the New
Financing Condition described in the above mentioned regulatory
announcement communication) accept validly tendered Instruments
pursuant to the Offers for purchase in cash in an aggregate
principal amount of EUR 894,000,000 of which (i) an amount of EUR
127,800,000 in principal amount relates to the March 2021
Instruments, (ii) an amount of EUR 241,300,000 in principal amount
relates to the September 2021 Instruments, (iii) an amount of EUR
290,000,000 in principal amount relates to the April 2022
Instruments and (iv) an amount of EUR 234,900,000 in principal
amount relates to the May 2022 Instruments.
The final results of the Offers are as follow:
Aggregate Fixed Aggregate Series
Description of Principal Amount Purchase Principal Acceptance Pro-ration
Instruments ISIN Outstanding Yield Purchase Price* Amount Tendered Amount factor
--------------- -------------- ------------------- ---------- -------------------- ---------------- ---------------- -----------
EUR
1,000,000,000
3.961 per
cent.
Instruments EUR 103,124
due March 0.25 per (103.124 per cent. Not
2021 XS0907289978 EUR 1,000,000,000 cent. of principal) EUR 127,800,000 EUR 127,800,000 Applicable
EUR XS1290729208 EUR 1,000,000,000 0.35 per EUR 101,475 EUR 241,300,000 EUR 241,300,000 Not
1,000,000,000 cent. (101.475 per cent. Applicable
1.477 per of principal)
cent.
Instruments
due September
2021
EUR XS1394777665 EUR 1,400,000,000 0.45 per EUR 100,564 EUR 290,000,000 EUR 290,000,000 Not
1,400,000,000 cent. (100.564 per cent. Applicable
0.750 per of principal)
cent.
Instruments
due April
2022
EUR XS1069430368 EUR 1,250,000,000 0.45 per EUR 103,584 EUR 234,900,000 EUR 234,900,000 Not
1,250,000,000 cent. (103.584 per cent. Applicable
2.242 per of principal)
cent.
Instruments
due May 2022
* Shown per EUR 100,000 in principal amount of the relevant
Instruments.
The Offers remain subject to the conditions and restrictions set
out in the Tender Offer Memorandum.
Whether the Issuer will purchase any Instruments validly
tendered in the Offers is subject, without limitation, to the
satisfaction of the New Financing Condition. Subject to the
satisfaction (or waiver) of the New Financing Condition, the
expected settlement date of the Offers is 22 May 2020.
All Instruments repurchased pursuant to the Offers will be
cancelled.
Madrid, 20 May 2020
None of the Offers, the Tender Offer Memorandum or this
announcement constitute an offer of securities to the public under
Regulation (EU) 2017/1129 of the European Parliament and of the
Council or a tender offer in Spain under restated text of the
Spanish Securities Market Act approved by Royal Legislative Decree
4/2015, of 23 October and under Royal Decree 1066/2007, of 27 July,
all of them as amended, and any regulation issued thereunder.
Accordingly, neither the Tender Offer Memorandum nor this
announcement has been and will not be submitted for approval nor
approved by the Spanish Securities Market Regulator (Comisión
Nacional del Mercado de Valores).
Not for distribution in or into or to any person located or
resident in the United States, its territories and possessions
(including Puerto Rico, the U.S. Virgin Islands, Guam, American
Samoa, Wake Island and the Northern Mariana Islands, any state of
the United States and the District of Columbia) (the "United
States") or to any U.S. person or into any other jurisdiction where
it is unlawful to distribute this announcement.
This information is provided by RNS, the news service of the
London Stock Exchange. RNS is approved by the Financial Conduct
Authority to act as a Primary Information Provider in the United
Kingdom. Terms and conditions relating to the use and distribution
of this information may apply. For further information, please
contact rns@lseg.com or visit www.rns.com.
END
ISEFLFFLETIIFII
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