By Wendy Van Sickle
Columbus, Ohio, Feb. 5 Telefonica, SA issued 1 billion of 0.664% 10-year notes at par and 500 million of 7.25-year deeply subordinated guaranteed fixed-rate reset securities on Monday, according to two filings with the Securities and Exchange Commission.
The notes 10-year notes were issued by wholly owned subsidiary Telefonica Emisiones SAU and the 7.25-year notes by Telefonica Europe BV.
Telefonica plans to use the proceeds of the 7.25-year notes for eligible green investments, mainly energy efficiency in the network transformation from copper to fiber optic in Spain and also self-generation of renewable energy, according to a ratings notice.
The telecommunications group is based in Madrid.
| Guarantor: | Telefonica SA
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| Amount: | 1.5 billion
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| Issue date: | Feb. 5
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| 7.25-year notes
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| Issuer: | Telefonica Europe BV
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| Securities: | Deeply subordinated guaranteed fixed-rate reset securities
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| Amount: | 500 million
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| Tenor: | 7.25 years
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| Ratings: | Moody's: Ba2
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| 10-year notes
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| Issuer: | Telefonica Emisiones SAU
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| Securities: | Notes
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| Amount: | 1 billion
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| Tenor: | 10 years
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| Coupon: | 0.668%
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| Price: | Par
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