Linklaters advises on the launch of a €750m hybrid bond by Telefónica

Linklaters has advised on the issue of a €750m green hybrid bond by Telefónica, together with a tender offer in relation to a previous hybrid issue in the amount of €1bn.

The operator launched a hybrid green bond for 750 million euros with a coupon of 6.75%. The issue was made in parallel to the announcement of a buyback offer for a previous hybrid issuance in the amount of 1 billion euros.

The objective of the offering is, among others, to proactively manage Telefónica Europe’s hybrid capital base. The offering began today and will close on September 5.

The team was led by Federico Briano, with support from Pablo Ruiz de AssínYiannis KyriakidesAlvaro Albors and Jorge S.


Julia Gil