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General

Telecom Italia issues EUR 1 billion 6-year bond

Wednesday 10 April 2019 | 09:21 CET | News
Telecom Italia (TIM) has announced the successful issue of a EUR 1 billion fixed-rate bond to institutional investors. The company said the bond's yield was equal to 2.875 percent, well below TIM's average cost of debt, standing at around 4.4 percent at the end of December. The proceeds of the bond will be used to optimise and refinance forthcoming debt maturities, said TIM, adding that the issue completes its refinancing of bonds maturing in 2019.

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Categories: General
Companies: Telecom Italia / TIM
Countries: Italy
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