Vodafone tests investors on possible A$ bond-funds
The telecom has issued A$265 million of 2013 notes in 2006 in a kangaroo bond offer jointly managed by Citigroup and Deutsche Bank.
British telecom group Vodafone Group<VOD.L> has approached investors through an investment bank to test their appetite for a possible Australian dollar bond issue, two fund managers said on Thursday. Preliminary discussions centred on a seven-year issue at around 170 basis points over swap, they said. Investors named National Australia Bank (NAB)<NAB.AX> as the bank which was marketing the possible issue.
Vodafone said it has no firm plans at this stage having just completed a A$3 billion bank refinancing package.
NAB declined to comment. The telecom has issued A$265 million of 2013 notes in 2006 in a kangaroo bond offer jointly managed by Citigroup and Deutsche Bank.