DGAP-News: Telefónica Deutschland Holding AG: Telefónica Deutschland successfully places EUR600 million debut benchmark bond
(firmenpresse) - DGAP-News: Telefónica Deutschland Holding AG / Key word(s): Bond
Telefónica Deutschland Holding AG: Telefónica Deutschland successfully
places EUR600 million debut benchmark bond
15.11.2013 / 16:54
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15 November 2013
Telefónica Deutschland successfully places EUR600 million debut benchmark
bond
- Very successful debut on the international bond markets
- High demand led to more than 3x oversubscribed orderbook
- Deal volume upsized to EUR600 million
MUNICH. Today, Telefónica Deutschland has successfully placed senior
unsecured notes with a total principal volume of EUR600 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 EUR1,000 and were issued
based on a bond security prospectus.
The transaction was highly oversubscribed, benefitting from strong demand
from institutional as well as private investors, following a credit
investor update call on the previous day. On that basis and a yield of
2.053 percent, Telefónica Deutschland decided to upsize the transaction
moderately to EUR600 million from an initial EUR500 million benchmark
target. In terms of region, allocation was driven by high-quality asset
managers from Germany and the UK with each taking approximately 30 percent
of the allocation. The net proceeds of the bonds will be used for general
corporate purposes. The net debt level of the company will not increase
after the issuance of the bond.
'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.
Further information:
Telefónica Deutschland
Investor Relations
Georg-Brauchle-Ring 23-25
D-80992 Munich
t +49 (0)89 2442-1010
f +49 (0)89 2442-2000
e ir-deutschland(at)telefonica.com
End of Corporate News
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15.11.2013 Dissemination of a Corporate News, transmitted by DGAP - a
company of EQS Group AG.
The issuer is solely responsible for the content of this announcement.
DGAP's Distribution Services include Regulatory Announcements,
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Language: English
Company: Telefónica Deutschland Holding AG
Georg-Brauchle-Ring 23-25
80992 München
Germany
Phone: +49 (0)89 24 42 0
Internet: www.telefonica.de
ISIN: DE000A1J5RX9
WKN: A1J5RX
Listed: Regulierter Markt in Frankfurt (Prime Standard);
Freiverkehr in Berlin, Düsseldorf, Hamburg, München,
Stuttgart
TecDAX
End of News DGAP News-Service
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240259 15.11.2013
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Datum: 15.11.2013 - 16:54 Uhr
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News-ID 317191
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