Thursday, June 7, 2007

Telefonica May Sell Its First Bonds in Yen, Plans Dollar Issue, CFO Says

(Bloomberg) -- Telefonica SA, Europe's most indebted
phone company, may sell its first bonds in Japanese yen to widen
investor support for its 51.9 billion euros ($70 billion) of
debt.

The Spanish company, which yesterday raised $380 million in
a debut sale of Czech koruna notes, is working with Japanese
banks on a possible yen bond issue before the August vacation
period, Chief Financial Officer Santiago Fernandez Valbuena said
in an interview this week at Telefonica's headquarters in Madrid.
A U.S. dollar bond sale is also likely, he said.


Read more at Bloomberg Bonds News

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