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General

Telecom Italia issues EUR 1.25 billion 10-year bond

Friday 6 October 2017 | 15:11 CET | News
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Telecom Italia (TIM) has announced the successful issue of a EUR 1.25 billion fixed rate bond to institutional investors. The company said it priced the issue with a coupon of 2.375 percent, the lowest ever for a non-convertible bond issued by the company. The yield on the issue was well below the average cost of debt, standing at around 5 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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