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General

TIM issues first green bond, raises EUR 1 bln

Tuesday 12 January 2021 | 09:34 CET | News
Telecom Italia (TIM) has returned to the bond market after nearly two years, raising a total of EUR 1 billion with its inaugural green bond. In a statement, the company said the sale of the eight-year sustainability bond issue attracted over EUR 4 billion in demand and was priced at well below the secondary market of reference, with an annual coupon at 1.625 percent, the lowest ever rate. The transaction will also enable the operator to extend its average debt maturity and raise new funds in excess of the 2021 maturities.

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