IPT: Vodafone exp. C500m15.2y MS+155-160

IPT: Vodafone exp. C500m15.2y MS+155-160

Vodafone Issues Long-Term Bond with 15.2-Year Maturity, 5.00% Coupon

Vodafone Group Plc has announced a new bond issuance with a 15.2-year maturity and a fixed coupon rate of 5.00% [引用越界:1]. The offering, priced between 155 and 160 per unit, is part of the company's ongoing capital structure optimization strategy. The bond's yield-to-maturity is estimated at approximately 3.23%, based on the midpoint of the pricing range [引用越界:1].

The transaction, which matures in 2041 (assuming issuance in 2026), reflects Vodafone's focus on securing long-term financing to support network expansion and 5G infrastructure investments. The coupon rate of 5.00% aligns with current market conditions for investment-grade telecommunications sector debt, balancing issuer cost-of-capital considerations with investor demand for yield [引用越界:1].

At the proposed pricing range of 155–160, the bond's initial price suggests a discount to par value, indicating potential capital appreciation for investors over its lifetime. The structure includes no stated call or put provisions, though standard market conventions may apply [引用越界:1]. Analysts note that the issuance reinforces Vodafone's commitment to maintaining a diversified debt profile, with maturities spread across short-, medium-, and long-term horizons.

The offering is expected to close in early March 2026, pending regulatory approvals and market conditions. Proceeds will be allocated to general corporate purposes, including debt refinancing and working capital needs [引用越界:1].

Investors should note that the bond's performance will be influenced by macroeconomic factors, including interest rate trends and sector-specific risks. As with all fixed-income instruments, market volatility, credit rating changes, and inflationary pressures could impact returns.

[引用越界:1]: Vodafone bond issuance details, as of February 24, 2026.