Issuer:
|
Telefónica Emisiones, S.A.U. | |
Guarantor:
|
Telefónica, S.A. | |
Ratings:
|
Baa1 negative outlook/BBB+ negative outlook/BBB+ stable outlook (Moodys/S&P/Fitch) | |
Principal Amount:
|
$1,250,000,000 | |
Security Type:
|
Senior Notes | |
Form of Issuance:
|
SEC Registered | |
Issue Price:
|
100% of principal amount | |
Settlement Date:
|
June 20, 2006 | |
Maturity Date:
|
June 20, 2016 | |
CUSIP/ISIN:
|
87938WAB9 / US87938WAB9 | |
Coupon:
|
6.421% | |
Benchmark Treasury:
|
5.125% due May 15, 2016 | |
Spread to Benchmark:
|
145 basis points (1.45%) | |
Treasury Strike:
|
4.971% | |
All-in Yield:
|
6.483% | |
Interest Payment Dates:
|
June 20 and December 20, commencing on December 20, 2006 | |
First Interest Payment Date: |
December 20, 2006 | |
Day Count Convention/ Business Day Convention: |
30/360; Following, Unadjusted | |
Redemption Provisions: |
||
Tax call:
|
Optional redemption for taxation reasons, on September 20, 2006 and each Interest Payment Date thereafter at 100% of principal and accrued interest | |
Make-whole call:
|
Optional redemption, at any time, at the greater of (x) 100% of principal and accrued interest and (y) sum of the present values of the remaining payments of principal and interest discounted at a discount rate of Treasury plus 25 basis points | |
Listing call:
|
Optional redemption, if Notes are not listed on an OECD exchange 45 days prior to first Interest Payment Date at 100% of principal and accrued interest |
Taxation:
|
Withholding tax applies subject to compliance with Beneficial Owner identification
procedures and satisfaction of all other conditions for exemption from applicable withholding taxes |
|
Denominations:
|
Minimum of $1,000 with increments of $1,000 thereafter. | |
Minimum Initial Purchase Amount: |
$75,000 | |
Listing:
|
New York Stock Exchange | |
Underwriters:
|
Citigroup Global Markets Inc., Credit Suisse Securities (USA) LLC, Deutsche Bank
Securities Inc. and Lehman Brothers Inc. (joint bookrunning lead managers) |
|
Other underwriters:
|
Banco Bilbao Vizcaya Argentaria, S.A., Calyon, Caja de Ahorros y Pensiones de Barcelona, Commerzbank Capital Markets Corp., Goldman, Sachs & Co., Merrill Lynch, Pierce, Fenner & Smith Incorporated, Santander Investment Securities Inc., Banca IMI S.p.A., UBS Securities LLC, WestLB AG (co-managers) |
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