FRANKFURT - Deutsche Telekom AG (ETR:DTEGn) has successfully completed the issuance of a EUR 850 million bond with a 10-year maturity, according to a post-stabilization announcement from Deutsche Bank AG (NYSE:DB). The bond, which has an issue/reoffer price of 99.575%, was not subject to stabilization actions by the named stabilizing managers, BNP Paribas (OTC:BNPQY), Deutsche Bank (ETR:DBKGn), and TD Securities.
The securities, bearing the ISIN code XS2948768556, have a spread over the benchmark German government bond (DBR 0 05/15/35) of 90.3 basis points. The announcement, dated December 17, 2024, clarified that the bonds had not been registered under the United States Securities Act of 1933 and, as such, may not be offered or sold within the United States absent registration or an applicable exemption from registration requirements.
This issuance by Deutsche Telekom (OTC:DTEGY) AG, a leading telecommunications company, comes following a pre-stabilization period announcement made on November 20, 2024. The completion of this transaction is part of the company's financial activities and is intended to support its ongoing operations and strategic initiatives.
The information regarding this bond issuance is based on a press release statement and is provided for informational purposes only. It does not constitute an offer to sell or a solicitation of an offer to buy any securities in any jurisdiction, including the United States, where such an offer or sale would be unlawful. The London Stock Exchange (LON:LSEG)'s news service RNS, approved by the UK's Financial Conduct Authority, initially distributed the details of this financial event.
This article was generated with the support of AI and reviewed by an editor. For more information see our T&C.