Telefonica Said to Sell Six-Year Bonds in Euros

Telefonica SA is selling six-year bonds in euros, according to a banker involved in the transaction.

The securities may be priced to yield about 310 basis points more than the benchmark mid-swap rate, the banker said. Citigroup Inc., Mizuho, Royal Bank of Scotland Group Plc, Banco Santander SA and UniCredit SpA are managing the deal.

To contact the reporter on this story: Esteban Duarte in Madrid at eduarterubia@bloomberg.net

To contact the editor responsible for this story: Ben Martin at bmartin38@bloomberg.net

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