Vodafone announces pricing on bond tender

Credit: REUTERS/Suzanne Plunkett

Vodafone Group PLC has announced pricing details for a cash tender offer to purchase any and all of its 4.375% 2021s, 2.5% 2022s and 2.95% 2023s.

By William Hoffman

NEW YORK, June 18 (IFR) - Vodafone Group PLC has announced pricing details for a cash tender offer to purchase any and all of its 4.375% 2021s, 2.5% 2022s and 2.95% 2023s.

On June 12, the UK telecom raised US$2.25bn in new 30 and 40-year notes to fund the tender for the bonds.

The tender expires on June 18 and the results will be announced on June 19. Below is a summary of the pricing details. 4.375% Notes due 2021 ISIN: US92857WAV28 CUSIP: 92857WAV2 Outstanding Principal Amount: US$500m U.S. Treasury Reference Security UST 2.375% due 15-Mar-21 Reference Yield: 1.883% Fixed Spread: 20bps Consideration: $1,038.92 2.50% Notes due 2022 ISIN: US92857WAZ32 CUSIP: 92857WAZ3 Outstanding Principal Amount: US$1bn U.S. Treasury Reference Security: UST 2.125% due 15-May-22 Reference Yield: 1.795% Fixed Spread: 60bp Consideration: $1,003.26

2.950% Notes due 2023 ISIN: US92857WBC38 CUSIP: 92857WBC3 Outstanding Principal Amount: US$1.6bn U.S. Treasury Reference Security: UST 2.000% due 31-May-24 Reference Yield: 1.811% Fixed Spread: 70bp Consideration: $1,015.26

(Reporting by William Hoffman) ((william.hoffman@thomsonreuters.com; 646 223 6141;))

The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.

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