Telstra Corp. has said that it has completed the issuing of ten-year bonds, amounting to EUR 1.0 billion.

BNP Paribas, JP Morgan and Deutsche Bank acted as the lead managers of the issue.

The annual coupon rate is 4.25 per cent and the bonds will mature on March 23 2020, the telecommunications giant informed.

The company has also mentioned that after maturity the issue will be fully swapped in terms of Australian dollars.

Besides this, Telstra also said that the deal was oversubscribed six times and close to 300 orders were placed.

The subscribers came from various quarters including the banks, insurance companies, retailers and the fund managers.

Talking about the issue, Chief Financial Officer, Telstra, John Stanhope said that besides helping the company in getting the needed working capital it also signifies the return of Telstra into the debt capital market. It had been absent for quite sometime because of the financial crisis, but it is now back with a bang.

He also said that since the issue has been able to raise money at the tighter side of the market it clearly signifies that the investor demand and sentiments are improving fast in the Euro market.