Telia Company issues hybrid bonds of in total around SEK 15 billion
Telia Company has successfully issued hybrid bonds in three separate tranches in EUR and SEK with a total amount of around SEK 15 billion The proceeds will mainly be used to refinance senior debt.The rationale for issuing an additional permanent capital layer is to enable financial flexibility and reinforce the commitment to a solid Investment Grade rating of A- to BBB+. A tender offer for buying back up to EUR 500 million has also been announced. Telia Company will use the proceeds from the hybrid bonds to refinance existing debt of a total value of EUR 1.25 billion. “We are very