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Telekom Austria Placed a € 600m Hybrid Bond

Published: January 25, 2013; 10:31 · (Vindobona)

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…

This article includes a total of 277 words.

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