By Cristal Cody
Tupelo, Miss., June 14 – Deutsche Telekom International Finance BV priced an upsized $1.75 billion of senior notes (Baa1/BBB+) in two tranches on Thursday, according to a market source.
The company placed $1.2 billion of 4.375% 10-year notes at a spread of Treasuries plus 150 basis points.
Deutsche Telekom sold $550 million of 4.75% 20-year notes at a 175 bps spread over Treasuries.
The deal was upsized from $1.5 billion.
Citigroup Global Markets Inc., RBC Capital Markets LLC and TD Securities (USA) LLC were the bookrunners.
Deutsche Telekom International Finance is an Amsterdam-based financing arm of Deutsche Telekom AG.
| Issuer: | Deutsche Telekom International Finance BV
|
| Amount: | $1.75 billion
|
| Description: | Senior notes
|
| Bookrunners: | Citigroup Global Markets Inc., RBC Capital Markets LLC and TD Securities (USA) LLC
|
| Trade date: | June 14
|
| Ratings: | Moody’s: Baa1
|
| S&P: BBB+
|
| Distribution: | Rule 144A, Regulation S
|
|
|
| 10-year notes
|
| Amount: | $1.2 billion
|
| Maturity: | June 21, 2028
|
| Coupon: | 4.375%
|
| Spread: | Treasuries plus 150 bps
|
| Price guidance: | Treasuries plus 150 bps area, plus or minus 2 bps
|
|
|
| 20-year notes
|
| Amount: | $550 million
|
| Maturity: | June 21, 2038
|
| Coupon: | 4.75%
|
| Spread: | Treasuries plus 175 bps
|
| Price guidance: | Treasuries plus 175 bps area, plus or minus 2 bps
|
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