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Telefónica issues the first sustainable hybrid bond of the telco sector, amounting to 1 Billion euros

Feb 4, 2021 Madrid: Telefónica today successfully closed its first sustainable perpetual hybrid bond issue, amounting to 1bn euros, and the first in the global telecom sector as well. The company also announced a hybrid bond tender offer, which begins today and is scheduled to close on 15 February. With both transactions, Telefónica continues to proactively manage its hybrid capital base. The sustainable hybrid issuance was well received by institutional investors, with a participation of more than 500, with demand exceeding €7bn. The hybrid has a 8.25 years reset date and its coupon reached 2.376%, the lowest hybrid coupon in the history of Telefónica.

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