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Noticia BBVA has placed a hybrid bond issue for Telefónica, with great interest from foreign investors

BBVA Corporate & Investment Banking has acted as joint bookrunner in the placement of two debt tranches of hybrid bonds issued by Telefónica amounting to €1.75 Bn. Demand for the issue totalled €6.0 Bn, with particularly strong interest from countries outside Spain, which accounted for 90% of the total.