Key Developments: Telefonica SA (TEF)
14.20USD
21 May 2013
$-0.01 (-0.07%)
$14.40
$14.10
$14.28
$14.02
1,303,670
1,958,067
$15.44
$10.06
Latest Key Developments (Source: Significant Developments)
Telefonica SA, Through Its Subsidiary, Issues EUR 750 Million Notes
Telefonica SA announced that on May 14, 2013, through its subsidiary Telefonica Emisiones SAU, it carried out an issuance of notes under the Guaranteed Euro Medium Term Note Programme (Programa EMTN) registered on June 12, 2012, in the amount of EUR 750 million. The issue with a maturity on May 29, 2019 has an annual coupon of 2.736% and an issuance price at par (100%). The payment and closing of the issue is expected on May 29, 2013. Full Article
Telefonica SA To Sell Assets In Central American Countries For USD 500 Million-DJ
Dow Jones reported that Telefonica SA has reached a deal to sell 40% of its assets in Guatemala, El Salvador, Panama and Nicaragua to investment firm Corporacion Multi Inversiones, for USD 500 million. The Company said that the deal will increase its financial flexibility. Telefonica has been looking to sell several non-core assets in recent months as a way to lower its heavy debt load. Besides the USD 500 million fixed price, Telefonica SA will also receive a variable fee of up to USD 72 million for the sale, depending on a series of financial targets set for the assets sold. Full Article
Telefonica SA To Propose Dividend Payment With Charge To Unrestricted Reserves
Telefonica SA announced that it will submit to the shareholders for approval a distribution of dividends with a charge to Unrestricted Reserves by means of payment of the fixed gross amount of EUR 0.35 per share to each existing share of the Company that is outstanding and has the right to participate in such distribution on the payment date. The payment will be made in November 2013, through the Member Entities of Sociedad de Gestion de los Sistemas de Registro, Compensacion y Liquidacion de Valores SAU. Full Article
Telefonica SA To Make First Dividend Payment In November 2013-Reuters
Reuters reported that Telefonica SA will distribute a dividend for fiscal year 2013 at a value of EUR 0.75 per share, with a first payment of EUR 0.35 per share to be made in November 2013. The Company thus resumes dividends having cancelled in 2012 to concentrate on paying down debt and tackling the effects of an economic crisis in its home market. Full Article
Telefonica SA’s Telefonica de Contenidos SAU Sells Remaining Stake In Hispasat SA To Eutelsat Services & Beteiligungen GmbH
Telefonica SA announced that on April 18, 2013 its subsidiary, Telefonica de Contenidos SAU, formalized the transaction of transferring of its remaining stake (19,359 shares) in Hispasat SA to Eutelsat Services & Beteiligungen GmbH for the amount of EUR 56 million. Full Article
Telefonica SA To Issue USD 2 Billion Debt-Reuters
Reuters reported that Telefonica SA launched a USD 2 billion dollar-denominated bond issue on April 17, 2013. Telefonica SA will issue USD 1.25 billion of five-year notes and USD 750 million of 10-year notes, with a price guidance of 250 and 287 basis points over mid-swaps. The lead bookrunners are BNP Paribas, Goldman Sachs, HSBC, J.P. Morgan, Morgan Stanley and Societe Generale. Full Article
Telefonica SA Considers IPO Of Colombian Assets-DJ
Dow Jones reported that Telefonica SA is considering an initial public offering (IPO) for its Colombian assets in an effort to lower its debt, according to the Spanish website El Confidencial. Telefonica owns 70% of its Colombian unit, with the rest held by Colombia's government. Full Article
Fitch Ratings Affirms Its Long-Term Issuer Default Rating On Telefonica SA With Negative Outlook-DJ
Dow Jones reported that Fitch Ratings has affirmed Telefonica SA's Long-term Issuer Default Rating (IDR) at BBB+ with negative outlook. Moreover, the agency has affirmed the Company’s short-term IDR at F2. Full Article
Telefonica SA Receives EUR 200 Million Credit Line For Blackberry Phones-Reuters
Reuters reported that Telefonica has received a EUR 200 million (USD 257 million) financing facility from the Canadian export agency to buy BlackBerry smartphones and services. Export Development Canada (EDC) said the credit line to Telefonica SA would be used to provide BlackBerry products and services across Telefonica SA's international operations. Full Article
Telefonica SA Prices EUR 1 Billion 3.961% Bond Maturing 2021-DJ
Dow Jones reported that Telefonica SA sold EUR 1 billion (USD 1.3 billion), eight-year bond. Banca IMI, BBVA, Barclays, Citigroup, Lloyds and Mitsubishi UFJ Securities International were lead managers of the sale, which has the following terms: coupon of 3.961%, reoffer price of 100, spread of 250 basis points over midswaps, maturity on March 26, 2021 and payment date on March 27, 2013. Full Article
Telefonica's Latin America IPO on hold, at least for now
SAO PAULO - Spanish telecoms group Telefonica SA has put on hold plans to publicly list its Latin America unit, a senior executive said on Tuesday, but an IPO could be ready within a few months if the need arose.
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