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Published on 2/13/2020 in the Prospect News High Yield Daily and Prospect News Liability Management Daily.

Telefonica Europe calls all €243.6 million outstanding perpetuals

By Marisa Wong

Los Angeles, Feb. 13 – Telefonica Europe BV announced it plans to redeem all of its outstanding undated six-year non-call deeply subordinated guaranteed fixed-rate reset securities (ISIN: XS1050460739) guaranteed by Telefonica, SA.

There is €243.6 million of the original €750 million principal amount outstanding.

The notes will be redeemed at par plus accrued interest.

The telecommunications group is based in Madrid.


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