Telstra issues €550m bond, updates share buy-back progress

Telstra Group Limited (Telstra) priced a new €550 million bond issue with a 9.5-year maturity on August 26, 2025, under its €20,000,000,000 Debt Issuance Program. The 3.375 per cent Notes, due March 2, 2035, were issued on September 2, 2025, at an issue price of 99.519 per cent. These Notes are targeted exclusively at professional investors and eligible counterparties, prohibiting sales to retail investors in the EEA and UK. The bond is expected to be rated A- by S&P Global Ratings and A2 by Moody's Investors Service Pty Limited.

In a separate update, Telstra also announced its daily share buy-back activities, with 1,559,624 ordinary fully paid shares bought back on October 1, 2025. This brings the total number of shares bought back to 31,295,570. The buy-back program, which commenced on September 9, 2025, and is scheduled to end on June 30, 2026, involves the acquisition of up to AUD1 billion in shares through Barrenjoey Markets Pty Limited.

The highest price paid for shares on the previous day was AUD4.87, and the lowest was AUD4.83. Telstra reserves the right to suspend or terminate the buy-back at any time, aiming to manage its capital efficiently.