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General

Telefonica announces 3% capital hike for bond conversion

Thursday 21 September 2017 | 08:41 CET | News
Telefonica has announced the issue of 154,326,696 new shares representing 2.9723 percent of its share capital to attend to the conversion of bonds issued in September 2014 into shares. Three years ago the company issued EUR 1.5 billion convertible bonds carrying an annual coupon of between 4.5 percent and 5 percent for "general corporate purposes", including the acquisition of German operator E-Plus. In a statement to Spain's market regulator CNMV, the company said the corresponding conversion price was EUR 9.7174 and that it will also deliver 14,973 existing shares held as treasury stock.

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Categories: General
Companies: Telefonica
Countries: Spain
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