Telstra Plans Euro Benchmark 2022 Bond, Pricing Swaps +1.55 Area
November 09 2011 - 5:06AM
Dow Jones News
Telstra Corp. (TLS.AU) is planning a euro-denominated, benchmark
bond maturing in 2022, one of the banks managing the deal said
Wednesday.
Initial price guidance is in the area of 155 basis points over
midswaps.
The company had a series of meetings with European investors for
a possible bond issue two weeks ago. BNP Paribas SA, Deutsche Bank
AG, and HSBC Holdings PLC are leading the issue.
The issuer is rated A2 by Moody's Investors Services Inc., and A
by Standard and Poor's Corp.
-By Serena Ruffoni, Dow Jones Newswires, +44 (0) 207 842
9349;
serena.ruffoni@dowjones.com
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