Telstra Corporation Ltd (ASX:TLS) has sold $US1 billion of 4.8 per cent, 10-year senior bonds to yield 4.892 per cent according to the Dow Jones Newswires.
Bank of America Merrill Lynch, JP Morgan and Citigroup led the offering on behalf of the telco.
Proceeds will be used to refinance existing debt and for general corporate purposes according to the media report.
The rate of the bonds is equivalent to 1.33 percentage points over comparable US government bonds, according to an inside source.
In the first half of the 2011 financial year Telstra reported a net profit of $1.2 billion.
