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Telstra Prices €700M Bond, Targets Professional Market

Telstra Prices €700M Bond, Targets Professional Market

Telstra Corporation Limited (AU:TLS) has released an update.

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Telstra Group Limited has successfully priced a €700 million bond issue with a 3.5% interest rate, set to mature on September 3, 2036, as part of their €20 billion Debt Issuance Program. The offering, initiated on August 28, 2024, with the pricing supplement released on August 30, targets professional investors, explicitly excluding retail investors in the EEA and UK due to regulatory restrictions.

For further insights into AU:TLS stock, check out TipRanks’ Stock Analysis page.

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