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Vodafone EUR2bln Hybrid Priced

EUROZONE ISSUANCE

** EU1b 60NC6 Fixed (Aug. 27, 2080) at MS+300.2

  • Guidance 2.75%a (+/-0.125) will price in range, IPT 3% area
  • Reoffer price par to yield 2.625%
  • Benchmark: DBR 0% 08/15/26 +332.6
  • CoC 101, 3-month par call, tax changes call, regulatory / capital disqualification call
  • ISIN: XS2225157424

** EU1b 60NC10 Fixed (Aug. 27, 2080) at MS+322.7

  • Guidance +3.125a (+/-0.125) will price in range, IPT 3.5% area
  • Reoffer price par to yield 3%
  • Benchmark: DBR 0% 08/15/30 +350.5
  • CoC 101, 3-month par call, tax changes call, regulatory / capital disqualification call
  • ISIN: XS2225204010

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