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Industry: Email Alert RSS FeedTelefonica bond sale exceeds expectations.
RCR Wireless News, September, 2000
MADRID, Spain--Telefonica's subsidiary Telefonica Europe B.V. completed a $6 billion global bond sale, nearly $1 billion more than initially planned in light of strong investor demand. The bond issue was the first guaranteed by Telefonica to be placed in the U.S. market.
The dollar-denominated portion of the bond issue was divided into three tranches: $1.25 billion in five-year bonds, with an interest rate of 7.35 percent, or 144 basis points above U.S. Treasury bonds; $2.5 billion in 10-year bonds, with an interest rate of 7.75 percent, or 204 basis points above U.S. Treasury bonds; $1.25 billion in 30-year bonds, with an interest rate of 8.25 percent, or 234 basis points above U.S. Treasury bonds.
Telefonica said the tranche of the remaining...
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