21 Jan 2009 15:33

TELEFĆNICA,Ā S.A.Ā as provided in article 82 of the Spanish Stock Market ActĀ (LeyĀ delĀ Mercado de Valores), hereby reports the following
SIGNIFICANT EVENT
Yesterday,Ā TELEFĆNICA, S.A., through its wholly- owned subsidiary TELEFĆNICA EMISIONES, S.A.U.,Ā under itsĀ Guaranteed EuroĀ Medium Term Note Programme (EMTNĀ Programme)Ā filed with theĀ Financial Services AuthorityĀ (FSA)Ā in London on July 3rd,Ā 2008,Ā issued NotesĀ guaranteed by TELEFĆNICA, S.A.Ā inĀ the Euro marketĀ amounting 2,000 million euro.
This five (5) yearĀ NotesĀ paysĀ an annual coupon of 5.431% and has a reoffer price of 100%.
The Joint Lead Bookrunners and ManagersĀ for this IssueĀ wereĀ Barclays, BBVA, BNP Paribas, Calyon, HSBCĀ andĀ The Royal Bank ofĀ Scotland.
Madrid, January 21stĀ , 2009.
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