Telefonica has issued a sustainable hybrid bond, amounting to 750 billion euros and announced a tender offer over three hybrid bonds which begins today and is expected to close on November 25.

The hybrid bond issuance has been well received by institutional investors, with a book of over 175 orders and a broadly diversified investor base with over 90 percent international investor participation. The bond has a 6.5 years reset date and a yield of 2.875 percent.

Telefonica will finance or refinance projects with positive environmental and social impact in Spain, Germany and / or Brazil, which will contribute to Sustainable Development Goals (SDG) 9, SDG 8 and SDG 7.