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Telekom Austria Placed a € 600m Hybrid Bond
The Telekom Austria Group announces that, after a successful roadshow in Germany, Great Britain and the Netherlands, it has yesterday placed a hybrid bond with a volume of € 600m and a coupon of 5.625%.
Telekom Austria Placed a € 600m Hybrid Bond / Picture: © Telekom Austria Group
The hybrid bond, ISIN XS0877720986, is a subordinated bond with perpetual maturity. The first redemption can, except in certain circumstances, take place after five years.
The annual coupon amounts to 5.625% until the first reset date, 1 February 2018. Subsequently there will be a reset date every five years. The coupon is established two days prior to the respective reset…
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