INVESTORS will pay $2 per Telstra share for the first instalment under the $8 billion T3 float, with mums and dads being offered a discount to buy into the offer.
THE Federal Government will sell up to $8 billion worth of shares from its remaining stake in Telstra (tls.ASX:Quote,News) in two instalments, with the first price set at $2 per share.
But retail investors will get a discount of 10 cents on the first instalment, meaning they will pay $1.90, according to a prospectus for the offer launched today.
t3 is 2 dollars per share
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