By Marisa Wong
Los Angeles, May 18 – Telefonica, SA, through its wholly owned subsidiary Telefonica Emisiones, SAU, launched €1 billion of 2.592% notes due May 25, 2031 at par on Wednesday, according to a press release.
The notes will be guaranteed by Telefonica.
Settlement is slated for May 25.
Application will be made for the notes to be listed on Euronext Dublin.
Proceeds are to be allocated toward eligible investments: mainly energy efficiency coming from the network transformation from copper to fiber optic in 5G deployment, but also inclusive connectivity accelerating deployment of broadband in unconnected or underserved areas and supporting employment generation and entrepreneurships, according to the press release.
The telecommunications group is based in Madrid.
| Issuer: | Telefonica Emisiones, SAU
|
| Guarantor: | Telefonica, SA
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| Amount: | €1 billion
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| Issue: | Notes
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| Maturity: | May 25, 2031
|
| Coupon: | 2.592%
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| Price: | Par
|
| Yield: | 2.592%
|
| Pricing date: | May 18
|
| Settlement date: | May 25
|
| Listing: | Euronext Dublin
|
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