France Telecom plans to sell a 20-year benchmark sterling bond, with guidance set at gilts plus 325 to 335 basis points, International Financing Review said on Monday.

Barclays, BNP Paribas and HSBC are lead managers, said IFR, a Thomson Reuters publication.

France Telecom is rated A3 by Moody's Investors Service and A- by both Standard & Poor's and Fitch Ratings.