Today, TDC issued EUR 500m in 10-year unsecured bonds under the company’s EUR 4bn EMTN Program listed on the Luxembourg Stock Exchange. The details on the new bonds appear in the table below:
| Size | Currency | Maturity | Coupon | Price |
|
500m |
EUR |
March 2, 2022 |
3.75% |
99.297 |
The bonds will receive investment grade ratings from Moody's, S&P and Fitch of Baa2, BBB and BBB, respectively.
The bond transaction was managed by Deutsche Bank, JP Morgan and Morgan Stanley.
The proceeds from the bond issue will be used to repay bonds maturing on April 19, 2012.
TDC A/S
Teglholmsgade 3
0900 Copenhagen C
DK-Denmark
tdc.com
