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Telefonica Germany to sell Euro-dominated bonds

Thursday 4 April 2013 | 15:34 CET | News
Telefonica's German subsidiary, Telefonica Deutschland Holding, plans to sell Euro-dominated bonds from as early as April as Telefonica looks to exploit lower borrowing costs in Germany, reports Bloomberg. The German unit has appointed UBS, Bank of America, Commerzbank and BayernLB to help sell senior unsecured notes maturing in 5-7 years, according to terms sent to investors and seen by Bloomberg. The sale would be benchmark in size, which is usually at least EUR 500 million.

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Categories: Internet / Mobile & Wireless
Companies: Telefonica Deutschland
Countries: Germany
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