June 22 (Reuters) - Telefonica Emisiones SAU, a unit of
Telefonica SA (TEF.MC: Quote, Profile, Research) (TEF.N: Quote, Profile, Research) on Monday sold $2.25 billion of
senior unsecured notes in two parts, said IFR, a Thomson
Reuters service.

The notes are guaranteed by Telefonica SA.

Goldman Sachs, Morgan Stanley, Deutsche Bank, and Citigroup
were the joint bookrunning managers for the sale.
BORROWER: TELEFONICA EMISIONES SAU*
FIRST TRANCHE:
AMT $1.25 BLN COUPON 4.949 PCT MATURITY 1/15/2015
TYPE SR GTD NOTES ISS PRICE 100 FIRST PAY 1/15/2010
MOODY'S Baa1 YIELD 4.949 PCT SETTLEMENT 7/6/2009
S&P A-MINUS SPREAD 225 BPS PAY FREQ SEMI-ANNUAL
FITCH A-MINUS MORE THAN TREAS NON-CALLABLE
SECOND TRANCHE:
AMT $1.0 BLN COUPON 5.877 PCT MATURITY 7/15/2019
TYPE SR GTD NOTES ISS PRICE 100 FIRST PAY 1/15/2010
MOODY'S Baa1 YIELD 5.877 PCT SETTLEMENT 7/6/2009
S&P A-MINUS SPREAD 220 BPS PAY FREQ SEMI-ANNUAL
FITCH A-MINUS MORE THAN TREAS NON-CALLABLE
* GUARANTEED BY TELEFONICA SA