By Andrea Heisinger
New York, Jan. 9 - France Telecom SA priced $900 million of 5.375% 30-year bonds (A3/A-/A-) on Monday to yield Treasuries plus 240 basis points, a market source said.
The paper came at the tight end of talk, which was in the 245 bps area.
Full terms were not available at press time.
Bank of America Merrill Lynch, BNP Paribas Securities Corp., HSBC Securities (USA) Inc. and Morgan Stanley & Co., LLC were the bookrunners.
Proceeds will be used for general corporate purposes.
France Telecom last priced paper in a $2 billion deal in two parts on Sept. 7, 2011.
The telecommunications company is based in Paris.
| Issuer: | France Telecom SA
|
| Issue: | Notes
|
| Amount: | $900 million
|
| Maturity: | Jan. 13, 2042
|
| Bookrunners: | Bank of America Merrill Lynch, BNP Paribas Securities Corp., HSBC Securities (USA) Inc., Morgan Stanley & Co., LLC
|
| Coupon: | 5.375%
|
| Spread: | Treasuries plus 240 bps
|
| Call: | Non-callable
|
| Distribution: | Off shelf
|
| Trade date: | Jan. 9
|
| Settlement date: | Jan. 13
|
| Ratings: | Moody's: A3
|
| Standard & Poor's: A-
|
| Fitch: A-
|
| Price talk: | 245 bps area
|
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