Clifford Chance has advised UBS, UniCredit and HSBC acting as joint lead managers in connection with the issue of a EUR 500 million bond of O2 Telefónica Deutschland Finanzierungs GmbH. The bonds are guaranteed by Telefónica Deutschland Holding AG.

The maturity of the bonds is 2021 and their coupon is 2.375 per cent.

The Clifford Chance team comprised partner Sebastian Maerker and senior associate Dr. Felix Biedermann (both Banking & Capital Markets, Frankfurt).

This is the second bond issue of O2 Telefónica Deutschland. Clifford Chance already advised the banks on the first issue in November 2013, which had a volume of EUR 600 million.