Telefonica announces new debt issues to fund bond repurchase

Tuesday 13 March 2018 | 15:04 CET | News
Telefonica Europe has announced the issue of two new undated subordinated guaranteed fixed rate reset securities with a view to funding the repurchase of over EUR 5 billion of outstanding hybrid bonds from 6 issues with maturities ranging from September 2018 to March 2024. In a statement to Spanish market regulator CNMV, the company said the 5.7-year and 8.5-year securities will be used to proactively manage its level of hybrid capital.

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