UPDATE: Deutsche Telekom Sets Pricing On 12-Year Euro Bond Issue

7th Jul 2010 10:20

By Art Patnaude and Mark Brown Of DOW JONES NEWSWIRES LONDON (Dow Jones)--Deutsche Telekom International Finance BV, guaranteed by Deutsche Telekom AG (DTE.XE), has set guidance on its 12-year, euro-denominated, benchmark bond at 125 to 130 basis points over midswaps, one of the banks running the deal said Wednesday. Deutsche Bank AG, Royal Bank of Scotland Group PLC, and UniCredit SpA are joint-lead managers of the deal. Pricing is expected 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 and Mark Brown, Dow Jones Newswires; +44 (0) 207 842 9259; [email protected] (END) Dow Jones Newswires July 07, 2010 05:20 ET (09:20 GMT)