New Issue: Vodafone issues $1.5 billion 4.25% notes due 2050 at 99.624

By Cristal Cody

Tupelo, Miss., Sept. 17 – Vodafone Group plc priced $1.5 billion of 4.25% notes due Sept. 17, 2050 (Baa2/BBB/BBB) at 99.624 in an offering that closed Tuesday, according to an FWP filing with the Securities and Exchange Commission.

BofA Securities, Inc., Morgan Stanley & Co. LLC, RBC Capital Markets LLC and SMBC Nikko Securities America, Inc. were the bookrunners.

Proceeds will be used for general corporate purposes.

The telecommunications company is based in London.

Issuer:	Vodafone Group plc
Amount:	$1.5 billion
Description:	Notes
Maturity:	Sept. 17, 2050
Bookrunners:	BofA Securities, Inc., Morgan Stanley & Co. LLC, RBC Capital Markets LLC and SMBC Nikko Securities America, Inc.
Coupon:	4.25%
Price:	99.624
Call feature:	Make-whole call at price equal to greater of par and Treasuries plus 35 bps
Change-of-control put:	101%
Trade date:	Sept. 10
Settlement date:	Sept. 17
Ratings:	Moody’s: Baa2
	S&P: BBB
	Fitch: BBB
Distribution:	SEC registered

© 2015 Prospect News.
All content on this website is protected by copyright law in the U.S. and elsewhere. For the use of the person downloading only.
Redistribution and copying are prohibited by law without written permission in advance from Prospect News.
Redistribution or copying includes e-mailing, printing multiple copies or any other form of reproduction.