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- During the last three months, Telefónica raised €5.4bn of long-term debt financing, €3.4bn in the last 45 days.
- Maturities for the different transactions were 4, 8, 12, 15 and 35 years, the latter through a bond with the longest tenor in the Company´s history.
- On average, the entire €5.4bn amount had a fixed rate cost equivalent of 1.34% over 9.1 years, extending Telefónica´s average debt life by 8 months since early October and accounting for over half the maturities expected in 2017.


Telefónica strengthens its balance sheet with long-term financing
Today Telefónica successfully executed a dual-tranche Euro benchmark bond deal:
  • 8-year €1.25bn issued at par with a 1.528% coupon
  • 11.7-year (Oct 2028) €0.5bn issued at par with a 2.318% coupon
Investor demand exceeded €3bn, 2x the original internal target of €1.5bn, resulting in an increase of 17% in the final deal size to €1.75bn. The investor base was of high quality with close to 300 orders received, over 70% from international investors. It was the largest transaction in Euros by an European corporate since the US elections, also becoming the first to issue a tranche longer than 10 years in 2017.
Deal closed today follows another Euro dual-tranche transaction on October 17th 2016 for €2bn with 4 and 15 year tenors. Additionally, at the end of November a €1.5bn 8-year loan was signed with China Development Bank.
Finally, on December 28th 2016, Telefónica close a private debt placement of €150mn with a 35-year tenor and 4% coupon, the longest tenor in the Company´s history.
Post-closing and considering the entire €5.4bn, Telefónica extended its average debt life by 8 months since early October covering over half the maturities expected in 2017.
In summary, Telefónica continues to strengthen its balance sheet, in line with its stated objective of maintaining a solid investment grade rating.

10/01/2017

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Telefónica, uno de los primeros Operadores del mundo
Telefónica es una compañía sensible a los nuevos retos que exige la sociedad actual. Por eso ofrecemos los medios para facilitar la comunicación entre las personas, proporcionándoles la tecnología más segura y de vanguardia, para que vivan mejor y consigan lo que se propongan. Un espíritu innovador, atento y con un inmenso potencial tecnológico que multiplica la capacidad de elegir de sus más de 327 millones de clientes en 21 países. Una empresa totalmente privada que cuenta con más de un millón y medio de accionistas y cotiza en varios de los principales mercados bursátiles del mundo. NUESTRA VISIÓN La vida digital es la vida, y la tecnología forma parte esencial del ser humano. Queremos crear, proteger e impulsar las conexiones de la vida para que las personas elijan un mundo de posibilidades infinitas. En Telefónica creemos que la tecnología forma parte de la vida de todos. Hoy, la conectividad no sirve sólo para relacionarnos, es esencial para nuestra vida personal y laboral. Nuestro papel es facilitarte el disfrute de la conexión, salvaguardando el uso de tus datos y dándote el control de tu vida digital. Queremos ser una ONLIFE TELCO, una telco para las personas, una telco para tu vida.




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