Notiziario Marketpress di
Mercoledě 19 Gennaio 2011
TELECOM ITALIA SUCCESSFULLY COMPLETES THE LAUNCH OF A 5 YEAR BOND FOR 1 BLN EURO THE AMOUNT AND QUALITY OF THE ORDERS ALLOWED THE RAISING OF FUNDS AT THE TIGHT END OF THE INITIAL PRICE GUIDANCE
Milan, 19 January 2011 - Telecom Italia successfully completed a Euro 1 billion fixed rate bond issue offered to institutional investors. The wide range of investors participating in the transaction confirms the market positive attitude towards Telecom Italia’s credit. The proceeds of this issue will be used to refinance maturing debt. Details are: Issuer: Telecom Italia S.p.a.; Amount: Euro 1 billion; Settlement date: 25 January 2011; Maturity: 25 January 2016; Coupon: 5.125%; Issue price: 99.686%; Redemption price: 100%. The effective yield to maturity is 5.198% per year, which corresponds to a yield of 250 basis points above the reference rate (mid – swap). The notes will be issued under the Group’s Euro 20 billion Emtn Programme and will be listed on the Luxembourg Stock Exchange.
