Spain's Telefonica opens books on bond

MADRID Tue May 14, 2013 4:12am EDT

MADRID May 14 (Reuters) - Telefonica, Europe's biggest telecoms provider by revenue, opened books on a six-year euro-denominated benchmark bond on Tuesday, IFR Markets, a Thomson Reuters news and markets analysis service, reported.

Books opened at 175 basis points to 180 basis points over mid-swaps, IFR said. Telefonica mandated Bank of America Merrill Lynch, Caixabank, Mediobanca, Royal Bank of Scotland, Santander and UBS To handle the issue, according to the service. (Reporting by Clare Kane; Editing by David Holmes)

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After wave of QE, onus shifts to leaders to boost economy

DAVOS, Switzerland - Central banks have done their best to rescue the world economy by printing money and politicians must now act fast to enact structural reforms and pro-investment policies to boost growth, central bankers said on Saturday.