Telstra Corporation Limited (Telstra) has today priced a US$1.0 billion bond issue (the Notes) in the United States Rule 144A / Regulation S bond market. The Notes were priced with a coupon of 4.80% and mature on 12 October 2021. The Notes are unsecured obligations of Telstra and rank equally with all its other unsecured senior indebtedness. Interest accrues from 12 April 2011 and is payable on 12 April and 12 October of each year, beginning 12 October 2011.
Telstra will use the net proceeds from the Notes for general corporate purposes and to refinance existing debt.