MmO2, the demerged wireless unit spun off by British Telecom in November, will begin the roadshow of its long-awaited debut benchmark bond around Europe on January 7.

The £1bn (€1.6bn) equivalent offering, which will comprise euro and sterling tranches, will be launched via lead managers Deutsche Bank, HSBC and Schroder Salomon Smith Barney under the company's €5bn ($4.52bn) euro medium-term note (EMTN) programme that was signed last month.