Telefónicathe Spanish Telecommunications multinational, has made a successful bond issuance for a value of 750 million euros, expiring on June 25, 2035 and an annual coupon of 3,941%. The company communicated this transaction through the National Securities Market Commission (CNMV), highlighting the positive reception between institutional investors.
Demand three times higher than the planned size
According to the statement issued by Telefónica, the issuance of the bonus with expiration in June 2035 generated a great interest among investors, reaching an orders book of 2.5 billion euros. This demand exceeded in more than three times the size initially planned for the issuance, which reflects the confidence of investors in the company.
Admission to negotiation in the Ireland Stock Exchange
The closure and final design of the operation are scheduled for June 25. In addition, Telefónica plans to request admission to negotiation of bonds in the regulated market of the Ireland Stock Exchange, which will allow investors to operate with these titles in a secondary market.
Diversification and solidity in the investment base
The company stressed that the investment base of this issue was highly diversified, with approximately 150 orders received. In addition, the participation of international investors represented around 90% of the total, which underlines the attractiveness of the bonds issued by Telefónica in the global financial markets.
Proactive debt management
This operation is aligned with Telefónica’s strategy to proactively manage your debt and maintain a diversified and solid investment base. The issuance of these bonds is added to the operations carried out by the company in January, which included a senior debt issuance for 1,000 million euros and the refinancing of a sustainable credit syndicated for 5.5 billion euros.
Solid financial position
At the end of March, Telefónica had secured debt matches for the next three years, with a half -life of the 11.5 -year debt. These data reflect the financial stability of the company and its ability to successfully manage its long -term financial commitments.