DGAP-News: Telefónica Deutschland Holding AG: Telefónica Deutschland places EUR 360 million promissory note loan

25 April 2019

Telefónica Deutschland places EUR 360 million promissory note loan

- Successful transaction further improves company's financing structure

- Final amount exceeded original target by EUR 210 million because of high demand

- Arrangers are Bayern LB, HSBC and LBBW

Munich - Telefónica Deutschland Holding AG has successfully placed a promissory note loan with a volume of EUR 360 million via its subsidiary Telefónica Germany GmbH & Co. OHG. The final amount exceeded the original target volume by EUR 210 million because of high demand.

The tranches of the promissory note feature fixed as well as variable rates and maturities of five, seven and 10 years. This issuance further contributes to the diversification of Telefónica Deutschland's maturity profile and investor base.

Demand for the loan came from savings banks, cooperative banks as well as German and international commercial banks. The promissory note loan was arranged by Bayerische Landesbank (Bayern LB), HSBC Trinkaus & Burkhardt (HSBC), and Landesbank Baden-Württemberg (LBBW).

Last year, Telefónica Deutschland placed a promissory note loan of EUR 250 million which included a blockchain tranche as well as a euro bond in the amount of EUR 600 million.

For further information:

Telefónica Deutschland
Investor Relations
Georg-Brauchle-Ring 50
D-80992 Munich
t +49 (0)89 2442-1010
f +49 (0)89 2442-2000
e ir-deutschland@telefonica.com