French telecoms giant France Telecom (FT) is looking to sell USD1.4 billion worth of euro and dollar denominated bonds as part of efforts to repay debts maturing in 2011. The telco hopes to repay the debts earlier than their due date by selling USD750 million of five-year notes immediately, the first US issue in more than a year. It has also already priced a EUR500 million (USD638 million) issue of twelve-year bonds, according to banking groups involved in the transaction. Paris-based FT will use the proceeds of the sale to trim its 7.75% US dollar denominated notes which are set to mature next year, bankers familiar with the deal said. According to Bloomberg’s estimations, the French outfit currently has USD3.5 billion of such bonds outstanding. FT last went to the US market for funding in June 2009 when its sale of five- and ten-year notes yielded USD2.5 billion for the firm.