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Telefonica prices EUR1.2bn January 2020 bond

By Helene Durand

LONDON, Oct 5 (IFR) - Spain's Telefonica SA, rated Baa2/BBB/BBB+, priced a EUR1.2bn January 2020 bond on Friday after attracting around EUR8bn of orders.

Lead managers BayernLB, BNP Paribas, Citi, Commerzbank, MUSI and SG CIB priced the trade at 330bp over mid-swaps, equating to 115.38bp over the 3.25% January 2020 Bund. The reoffer is par and the deal has a coupon of 4.71%.

(Reporting by Helene Durand; editing by Alex Chambers)

((helene.durand@thomsonreuters.com)(+44 207 542 3469)(Reuters Messaging: helene.durand.reuters.com@reuters.net))

Keywords: TELEFONICA/BOND