Deutsche Telekom To Price EUR1.25B 12-Year Bond At Swaps +1.25

7th Jul 2010 11:58

LONDON (Dow Jones)--Deutsche Telekom International Finance BV, guaranteed by Deutsche Telekom AG (DTE.XE), has set guidance on its EUR1.25 billion, 12-year bond at 125 basis points over midswaps, one of the banks running the deal said Wednesday. This is at the tight end of initial guidance for 125 to 130 basis points over midswaps, and order books on the deal closed with EUR2.9 billion. Deutsche Bank AG, Royal Bank of Scotland Group PLC, and UniCredit SpA are joint-lead managers of the deal, which is expected to price later Wednesday. The issuer is rated Baa1 by Moody's Investors Service Inc., and BBB+ by Standard & Poor's Corp. and Fitch Ratings. -By Art Patnaude, Dow Jones Newswires; +44 (0) 207 842 9259; [email protected] (END) Dow Jones Newswires July 07, 2010 06:58 ET (10:58 GMT)