By Cristal Cody
Tupelo, Miss., Jan. 13 – Deutsche Telekom AG priced $1.25 billion of 3.625% senior notes due Jan. 21, 2050 (Baa1/BBB+) on Monday at a spread of Treasuries plus 137.5 basis points, according to a market source.
Initial price talk was in the Treasuries plus 155 bps to 160 bps area.
Citigroup Global Markets Inc. and J.P. Morgan Securities LLC were the bookrunners.
Deutsche Telekom is a Bonn, Germany-based telecommunications company.
| Issuer: | Deutsche Telekom AG
|
| Amount: | $1.25 billion
|
| Description: | Senior notes
|
| Maturity: | Jan. 21, 2050
|
| Bookrunners: | Citigroup Global Markets Inc. and J.P. Morgan Securities LLC
|
| Coupon: | 3.625%
|
| Spread: | Treasuries plus 137.5 bps
|
| Trade date: | Jan. 13
|
| Ratings: | Moody’s: Baa1
|
| S&P: BBB+
|
| Price guidance: | Treasuries plus 155 bps-160 bps area
|
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