Telstra Shares Dip While Investors Rush For Bonds
Shares in Telstra plunges due to reintroduction of bill by Fed Govt which would force the company to seperate its retail and wholesale business.
Share dipped 0.75 per cent lower at $2.63, against a 0.66 per cent fall in the benchmark index, after hitting an all-time low of $2.59 at 1212 AEDT.
Investors Rush For Bonds
Australia’s largest telecom company, placed 500 mln euro ($687
million) 10.5-year bonds with more than 150 investor.European buyers took the offer hand to hand which closed one hour after it was announced, it said, resulting in an orderbook exceeding 1.7 billion euros worth in bids.