Telefonica issues sustainable hybrid bond for 750 mn euros

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.
Telefonica’s 5G network in Spain
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.