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General

Telefonica closes first green hybrid bond issue, raises EUR 1 bln

Thursday 4 February 2021 | 08:51 CET | News
Telefonica said it has successfully closed what it describes as its first sustainable perpetual hybrid bond issue and the first in the telecom sector. The issue was seven times oversubscribed and raised a total of EUR 1 billion, with a participation of more than 500 institutional investors, said the company, adding that the hybrid has a 8.25 years reset date and its coupon reached 2.376 percent, the lowest hybrid coupon in the history of Telefonica. The company also announced a hybrid bond tender offer, scheduled to close on 15 February.

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Categories: General
Companies: Telefonica
Countries: Spain / World
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