Very successful debut on the international bond markets
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High demand led to more than 3x oversubscribed orderbook
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Deal volume upsized to €600 million
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MUNICH. Today, Telefónica Deutschland has successfully placed senior unsecured notes with a total principal volume of €600 million due on November 22, 2018. The fixed rate bonds, issued by O2 Telefónica Deutschland Finanzierungs GmbH and guaranteed by Telefónica Deutschland Holding AG, pay a 1.875 percent coupon and were issued at a price of 99.162 percent, corresponding to an issue spread of 98 bps over the 5 year Euro midswap rate. The bonds carry a denomination of €1,000 and were issued based on a bond security prospectus.
"This offering is a great success for us", says Rachel Empey, CFO of Telefónica Deutschland. "The extraordinary demand demonstrates the confidence among investors in Telefónica Deutschland's strategy."
The bonds will be listed for trading in the Regulated Market of the Luxembourg Stock Exchange under the ISIN code XS0912992160 as of November 22, 2013. The prospectus is available on the website of Telefónica Deutschland.
Bank of America Merrill Lynch, BayernLB, Commerzbank and UBS Investment Bank acted as joint bookrunners for the transaction.
Press Spokeswoman
Albert Fetsch
Head of External Communications
Press Office
Telefónica Deutschland
Georg-Brauchle-Ring 23-25
80992 Munich
Germany
www.telefonica.de/presse
http://blog.telefonica.de
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