Deutsche Telekom prices bond

Deutsche Telekom is selling a $1.5bn (£912m) two-part global benchmark bond, one of the banks managing the sale confirmed yesterday. The offering includes $750m in five year notes expected to yield 225 basis points over comparable US Treasuries and $750m in 10 year notes expected to yield 237.5 basis points over Treauries. Barclays Capital and Citigroup are joint lead managers on the deal, which has been launched via Deutsche Telekom International France, subject to market conditions, the bank said.