Telekom Austria to place benchmark hybrid euro bond
VIENNA Jan 24 (Reuters) - Telekom Austria intends to place a benchmark euro-denominated hybrid bond following the completion of a European roadshow, it said on Thursday.
The company said the first call date would be 1 Feb. 2018, and the bonds were expected to be rated Baa3 by Moody's and BB+ by Standard & Poor's.
Telekom Austria has slashed its dividend for 2012 and 2013 as it seeks to conserve cash to keep its credit rating and for radio frequency auctions later this year.
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