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General

Telefonica Deutschland completes promissory note loan using Blockchain placement

Thursday 1 March 2018 | 18:39 CET | News
Telefonica Deutschland has placed promissory notes with a value of EUR 250 million with Landesbank Baden-Württemberg (LBBW) and DZ Bank. The original target was EUR 200 million. One tranche, offered by LBBW used Blockchain technology and was oversubscribed three times. This led to a decision to increase that tranche from EUR 50 million to EUR 75 million. This tranche has a tenor of slightly longer than one year. The second tranche was increased from EUR 150 million to EUR 175 million and has a tenor of 7 to 15 years.

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Categories: General
Companies: Telefonica / Telefonica Deutschland
Countries: Germany
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