Chicago, Jan. 17 – Telefonica, SA’s wholly owned subsidiary Telefonica Emisiones, SAU priced €1.75 billion of notes in the euro market, according to a notice.
The two-tranche deal priced as €1 billion of 3.698% notes due 2032 and €750 million of 4.055% notes due 2036. Both parts priced at par.
Proceeds will be used towards eligible investments in accordance with Telefonica’s sustainable financing framework. This includes transformation and modernization of telecommunications networks based on high-speed fixed and mobile networks, including supporting infrastructure and software to improve the energy efficiency of the networks. It may also include the implementation of Telefonica’s renewable energy plan, and the development and implementation of digital products and services with a focus on saving energy and/or natural resources.
Telefonica is a Madrid-based telecom.
| Issuer: | Telefonica Emisiones, SAU
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| Guarantor: | Telefonica SA
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| Amount: | €1.75 billion
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| Issue: | Sustainable guaranteed notes
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| Trade date: | Jan. 17
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| Settlement date: | Jan. 24
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| Distribution: | Regulation S
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| 2032 notes
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| Amount: | €1 billion
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| Maturity: | Jan. 24, 2032
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| Coupon: | 3.698%
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| Price: | Par
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| Yield: | 3.698%
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|
| 2036 notes
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| Amount: | €750 million
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| Maturity: | Jan. 24, 2036
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| Coupon: | 4.055%
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| Price: | Par
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| Yield: | 4.055%
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