Telstra announces EUR 600 million bond issue

Company News

by Anna Napoli

Telstra (ASX:TLS) has today announced it has priced a EUR 600 million bond issue.

The notes have a coupon value of 1.375 per cent and mature on the 26th of March 2029.

Telstra says it will issue the proceeds from the notes for general corporate purposes.

The news comes on the back of Telstra's move to expand its rural coverage, picking 131 locations under round four of the federal government's mobile black spot program, which is designed to improve mobile coverage in rural Australia.

Shares in Telstra (ASX:TLS) are trading 0.15 per cent lower to $3.25.

Anna Napoli

Finance News Network
Anna joined FNN February 2018 and also works with Channel 7 as a freelance producer. Anna has also worked as a lawyer and lecturer. She has also presented news updates for interstate news with Southern Cross Austereo.