Vodafone in $6 Billion Multi-Tranche Debt Offering

February 19, 2013

Cleary Gottlieb represented Barclays, HSBC, J.P. Morgan, Mitsubishi UFJ Securities and Morgan Stanley as underwriters in a five-part debt offering by Vodafone Group. Vodafone issued $6 billion of Notes in multiple tranches of $900 million 0.9% Notes due February 2016, $1.4 billion 1.5% Notes due February 2018, $1.6 billion 2.95% Notes due February 2023, $1.4 billion 4.375% Notes due February 2043 and $700 million Floating Rate Notes due February 2016. The transaction, which closed on February 19, was a takedown from Vodafone’s shelf registration statement. This was the largest debt offering of any currency from Vodafone and the largest bond offering by a non-U.S. issuer, and the third-largest bond offering overall, to date in 2013.

Vodafone is a world leader in providing voice and data communications services for both consumers and enterprise customers, with a significant presence in Europe, the Middle East, Africa, the Asia Pacific region and the United States.