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General

Telecom Italia issues EUR 1.25 billion 5-year bond

Wednesday 9 January 2019 | 09:21 CET | News
Telecom Italia (TIM) has announced the successful issue of a EUR 1.25 billion fixed-rate bond to institutional investors. The company said the bond's yield was equal to 4.125 percent, below the average cost of debt, standing at around 4.4 percent at the end of September. 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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