Deutsche Telekom Completes $1.75 Billion Private Placement of Two Fixed Rate Notes

June 21, 2018

Deutsche Telekom completed an offering of fixed rates notes in the aggregate principal amount of $1.75 billion, consisting of $1,200,000,000 4.375% Notes due 2028 and $550,000,000 4.750% Notes due 2038. Deutsche Telekom intends to use the net proceeds from the offering for general corporate purposes.

The notes are fully and unconditionally guaranteed by Deutsche Telekom AG and were offered to qualified institutional buyers in the United States in reliance on Rule 144A and to investors outside the United States in reliance on Regulation S. S&C represented the underwriters, Citigroup, RBC Capital Markets and TD Securities.

The S&C Frankfurt-based team advising the underwriters was led by Krystian Czerniecki, along with Karoline Koenig and Florian Spaeth. Jeffrey Hochberg, Saul Brander and Minkeun Woo advised on tax matters.