Deutsche Telekom offers T-Mobile USA bonds worth $3.1 bln

Reuters

* Telekom provided T-Mobile USA with bonds worth $11.2 bln

* Says to use proceeds for general corporate purposes

FRANKFURT, Oct 8 (Reuters) - Deutsche Telekom said on Tuesday it is offering for sale a portion of theT-Mobile USA bonds from its holdings worth $3.1billion.

The company said it would offer two series of $1.25 billioneach and one of $600 million.

"The proceeds of the sale of the bonds will serve DeutscheTelekom's general corporate purposes," the company said in astatement.

Deutsche Telekom said it would offer $1.25 billion worth ofsenior notes due in 2019 and another portion of $1.25 billion notes, which are due in 2021.

The remaining $600 million notes are due in 2023.

The notes are part of the deal to buy MetroPCS, whichDeutsche Telekom combined with its T-Mobile USA unit.

As part of the transaction Deutsche Telekom providedT-Mobile USA, with debt capital in the form of bonds totalling$11.2 billion.

Credit analysts have warned that Deutsche Telekom shouldsell some of that debt to the market to maintain its currentcredit profile.

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