Telekom Austria has become only the second European corporate this year to announce its entrance into the bond market. The Austrian national telecoms company says it plans to launch a ?1 billion ($1.3 billion) bond issue in the near future. Citigroup, Lehman Brothers and ABN Amro have been appointed as joint bookrunners on the deal.
Telekom Austria, which is rated Baa2 and BBB by Moody’s and Standard & Poor’s respectively, plans to use the capital to fund the expansion of its acquisitive mobile subsidiary, Mobilkom.
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