DT to launch bond sale

11 Jan 2005

Europe’s biggest telco Deutsche Telekom is planning to issue up to EUR4 billion worth of five and ten-year bonds to generate funds to reduce its debt pile further and finance any forthcoming deals, according to the Financial Times. The operator, which has EUR7.7 billion of debts maturing this year, managed to reduce its debt burden from EUR46.6 billion to EUR40.8 billion during 2004.

Germany, Deutsche Telekom (DT)