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Telefonica Said to Sell Six-Year Bonds in Euros

Feb. 7 (Bloomberg) -- 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.

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To contact the reporter on this story: Esteban Duarte in Madrid at

To contact the editor responsible for this story: Ben Martin at

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