By Helena Smolak

Telefonica's fully-owned subsidiary Telefonica Emisiones said it has launched an issuance of notes of 1.75 billion euros ($1.90 billion)in the European market.

The Spanish telecommunications firm said late Wednesday that the operation contributes to advance infrastructure and software to improve energy efficiency of its networks, it said.

The settlement was structured in two senior tranches of eight and 12 years, scheduled to be closed on Jan. 24. Application will be made for the notes to be listed on the Euronext Dublin, the company said.

Write to Helena Smolak at helena.smolak@wsj.com

(END) Dow Jones Newswires

January 18, 2024 01:33 ET (06:33 GMT)

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