Telia (ST:TELIA) Company has successfully issued bonds worth NOK 4 billion ($438 million) under its Euro Medium Term Note (EMTN) program, with the aim of enhancing its long-term funding strategy and broadening its investor base. The bonds are divided into two tranches with different maturities and interest rates.
The first tranche, valued at NOK 2 billion, will mature in March 2029 and offers investors a choice between a fixed coupon of 4.675% and a floating rate tied to the 3M (NYSE:MMM) Nibor +105 basis points. The second tranche, also worth NOK 2 billion, has a longer maturity date set for March 2034 and carries a fixed coupon of 4.790%.
Agneta Wallmark, Vice President at Telia Company's Group Treasury, lauded the strong market reception, which she said reflects the substantial investor interest in Telia's bond offering. The robust order book volume for both maturities signifies strategic alignment with the company's emphasis on securing long-term capital and diversifying its investor base.
Danske Bank and SEB acted as joint bookrunners for the bond issuance, facilitating the process and contributing to the successful outcome.
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