High Demand from Creditors:

Telefónica Deutschland Places EUR 360 million Promissory Note Loan

Telefónica Deutschland Holding AG has successfully placed a promissory note loan with a volume of EUR 360 million via its subsidiary Telefónica Germany GmbH & Co. OHG. The final amount exceeded the original target volume by EUR 210 million because of high demand.
-Successful transaction further improves the company’s financing structure
-Final amount exceeded original target by EUR 210 million because of high demand
-Arrangers are Bayern LB, HSBC and LBBW
Foto: Telefónica Deutschland
Markus Rolle
The tranches of the promissory note feature fixed as well as variable rates and maturities of five, seven and 10 years. This placement further contributes to the diversification of Telefónica Deutschland’s maturity profile and investor base. “The fact that our placement attracted interest from such a broad array of lenders reflects our strong operating momentum and financial position,” said Markus Rolle, Chief Financial Officer of Telefónica Deutschland. “This transaction provides us with even more financial flexibility.” Demand for the loan came from savings banks, cooperative banks as well as German and international commercial banks. The promissory note loan was arranged by Bayerische Landesbank (Bayern LB), HSBC Trinkaus & Burkhardt (HSBC), and Landesbank Baden-Württemberg (LBBW). Last year, Telefónica Deutschland placed a promissory note loan of EUR 250 million which included a blockchain tranche as well as a euro bond with an amount of EUR 600 million.