€ 2.5bn Bond Issue at Telekom Austria

Businessn.a. ♦ Published: March 26, 2012; 18:38 ♦ (Vindobona)

The subsidiary Telekom Finanzmanagement GmbH Plans to Issue a Benchmark-Sized Eurobond Transaction.

€ 2.5bn Bond Issue at Telekom Austria / Picture: © Telekom Austria Group

Today, the Telekom Austria Group announces that its finance subsidiary, Telekom Finanzmanagement GmbH (the "Issuer"), plans to issue a benchmark-sized senior unsecured Eurobond (the "Notes"), subject to market conditions. The Notes will be guaranteed by Telekom Austria AG. Telekom Austria is selling € 750m ($ 1bn) of 10-year bonds, according to a banker with knowledge of the deal. The…