France Telecom’s imminent €1.5bn bond hits spreads by 7bp

The issue is expected to take place by the end of this week and follows the French telco’s plans, revealed last week, to reduce its €70 billion debt burden by half within the next three years. It plans to achieve this through a €9 billion state loan, a €15 billion cash increase and €15 billion in cost savings.

Some market sources indicated that France Telecom was also sounding out investors regarding a sterling bond issue. The euro issue is expected to pay 290/300bp over the swaps curve.

  • LinkedIn  
  • Save this article
  • Print this page  

You need to sign in to use this feature. If you don’t have a Risk.net account, please register for a trial.

Sign in
You are currently on corporate access.

To use this feature you will need an individual account. If you have one already please sign in.

Sign in.

Alternatively you can request an indvidual account here: