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General

Telecom Italia issues EUR 1 billion 9-year bond

Monday 26 September 2016 | 08:31 CET | News
Telecom Italia (TIM) has announced the successful issue of a EUR 1 billion fixed rate bond to institutional investors. The company said it priced the issue with a coupon of 3.025 percent, the lowest ever for a non-convertible bond issued by the company. In fact, the yield on the issue was well below the average cost of debt, standing at 5.1 percent at the end of June, said the operator, adding that the proceeds of the bond will be used to optimise and refinance forthcoming debt maturities.

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