TEF Telefonica SA

   By Ben Edwards 
 

Spanish telecommunications company Telefonica SA (TEF) priced a 1.2 billion euro ($1.55 billion) bond, maturing January 2020, one of the banks running the deal said Friday.

BayernLB, BNP Paribas SA, Citigroup Inc., Commerzbank AG, Mitsubishi UFJ Securities International and Societe Generale SA were the lead managers of the sale, which has the following terms:

 
Amount:           EUR1.2 billion 
Maturity:         Jan. 20, 2020 
Coupon:           4.71% 
Reoffer Price:    100 
Payment Date:     Oct. 19, 2012 
Spread:           330 basis points over midswaps 
Debt Ratings:     Baa2 (Moody's) 
                  BBB (Standard & Poor's) 
                  BBB+ (Fitch) 
Denominations:    EUR100,000 
Listing:          London 
Interest:         Annual 
 

Write to Ben Edwards at ben.edwards@dowjones.com