Telstra Corp. (TLS.AU) has priced its EUR750 Million, 10.5-year bond issue, one of the banks managing the deal said Wednesday.

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 were the lead managers on the issue.

The terms of the transaction are as follows:

 
Amount:           EUR750 Million 
Maturity:         May 16, 2022 
Coupon:           3.75% 
Reoffer Price:    98.771 
Payment Date:     Nov. 16, 2011 
Spread:           145 basis points over midswaps 
Debt Ratings:     A2  (Moody's) 
                  A   (Standard & Poor's) 
Denominations:    EUR1,000; EUR10,000; EUR100,000 
Listing:          London 
Interest:         Annual

-By Sarka Halas, Dow Jones Newswires; +44 (0) 207 842 9236; Sarka.Halasova@dowjones.com

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