'This enables us to be in position to access funding options required in ordinary course of business,' a spokesman said.
The company declined to provide further detail about its bond issue plans.
BNP Paribas, Deutsche Bank and JPMorgan are arranging the presentations to start next week, according to an investor with direct knowledge of the meetings.
Telstra, Australia's dominant phone company, is rated A by S&P and Fitch, A2 by Moody's. Its last bond issue dates to September 2008, when it raised 250 million of swiss francs.
SP AusNet, partly owned by Singapore Power, and conglomerate Wesfarmers are the only two Australian non-financial borrowers that have tapped offshore bond markets this year.
But analysts expect more to come as credit markets have vastly improved since last year when sky-high funding costs discouraged many regular borrowers, such as Telstra, to sell bonds.
Rail and ports operator Asciano Ltd flagged last month a euro or eurodollar bond sale worth up to A$500 million in the fourth-quarter to refinance debt.
Top pallet provider Brambles Ltd is also expected to make a bond debut this year, possibly in the United States, after receiving a pair of inaugural credit ratings late last year.
Australian bond issuance is traditionally dominated by banks with only 14 percent of bonds sold in 2009 by Australian issuers worldwide from non-financial borrowers, ADCM data showed.
(Reporting by Cecile Lefort)
((cecile.lefort@reuters.com; +612-9373-1234; Reuters Messaging: cecile.lefort.reuters.com@reuters.net)) Keywords: TELSTRA/BONDS (If you have a query or comment on this story, send an email to news.feedback.asia@thomsonreuters.com) COPYRIGHT Copyright Thomson Reuters 2010. All rights reserved. The copying, republication or redistribution of Reuters News Content, including by framing or similar means, is expressly prohibited without the prior written consent of Thomson Reuters.
© 2010 AFX News