Telefonica secures EUR 1.75 bln long-term funding

News General Spain 11 JAN 2017
Telefonica secures EUR 1.75 bln long-term funding

Telefonica has successfully executed a dual-tranche Euro benchmark bond deal, issuing a EUR 1.25 billion 8-year bond at par with a 1.528 percent coupon plus EUR 0.5 billion at par with a 2.318 percent coupon. The transaction was the largest in Euros by a European company since the US elections, with Telefonica also becoming the first to issue a tranche longer than 10 years in 2017.

The company has now raised EUR 5.4 billion of long-term debt financing over the past three months and extended its average debt life by 8 months since early October, covering over half the maturities expected in 2017.

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General

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Telefonica

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Spain

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Wholesale, Financial funding

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