Issuer:
|
Telefónica Emisiones, S.A.U. | |
Guarantor:
|
Telefónica, S.A. | |
Expected Ratings:
|
A-/A-/ Baa1 (S&P/Fitch/ Moodys) | |
Principal Amount:
|
$1,200,000,000 | |
Security Type:
|
Senior Notes | |
Form of Issuance:
|
SEC Registered | |
Issue Price:
|
100% of principal amount | |
Settlement Date:
|
April 26, 2010 (T+10) | |
Maturity Date:
|
April 26, 2013 | |
CUSIP/ISIN:
|
87938W AK9/US87938WAK99 | |
Coupon:
|
2.582% | |
Benchmark Treasury:
|
1.750% due April 15, 2013 | |
Spread to Benchmark:
|
95 basis points (0.95%) | |
Treasury Strike:
|
1.632% | |
Re-offer Yield:
|
2.582% | |
Interest Payment Dates:
|
April 26 and October 26 of each year | |
First Interest Payment Date:
|
October 26, 2010 | |
Day Count Convention/Business Day Convention:
|
30/360; Following, Unadjusted; Madrid, London, New York | |
Redemption Provisions: |
||
Tax call:
|
Optional redemption for taxation reasons, by no fewer than 30 nor more than 60 days notice ending on an Interest Payment Date at 100% of principal and accrued interest | |
Make-whole call:
|
Optional redemption, at any time by no fewer than 30 nor more than 60 days notice, at the greater of (x) 100% of principal and accrued and unpaid interest and (y) sum of the present values of the remaining payments of principal and interest discounted at a discount rate of Treasury plus 15 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:
|
Exemption from Spanish withholding tax applies subject to compliance with Beneficial Owner identification procedures and satisfaction of all other conditions for exemption from applicable Spanish withholding taxes | |
Denominations:
|
Minimum of $1,000 with increments of $1,000 thereafter. | |
Minimum Initial Purchase Amount:
|
$75,000 | |
Listing:
|
New York Stock Exchange | |
Joint Bookrunning Lead Managers:
|
Banc of America Securities LLC, Credit Suisse Securities (USA) LLC, J.P. Morgan Securities Inc. and UBS Securities LLC | |
Other Managers:
|
BBVA Securities Inc., BNP Paribas Securities Corp., Mitsubishi UFJ Securities (USA), Inc., Santander Investment Securities Inc. and SG Americas Securities, LLC |