New Analyst Searches Corporate Calendar Upcoming Dividends Upcoming Floats Stock Screener Featured Stock ASX300 News Digest Our Research Methodology
Company News Summary
Telecom Corporation Announces Successful Bond Issue
16 Mar 2010 | 09:29:00 | Associate analysts | Increase | Decrease | 
Original announcement: Telstra announces successful bond issue
Telecom Corporation announced the completion overnight of a 10-year benchmark Euro 1bn Eurobond issue, with a 4.25% annual coupon and a maturity of 23 March 2020. The Company reported that the successful bond issue, which will be fully swapped into A$ through to maturity, would provide Telstra with around A$1.5bn of cost effective long-term funding and help to lengthen the average maturity of Telstra's debt portfolio. Issue proceeds will be used mainly for retiring shorter term bank debt and for general working capital purposes.
See more ASX300 News Announcements