Home › Telecom Italia raises EUR 750 mln with hybrid bond
 

Keywords :   


Telecom Italia raises EUR 750 mln with hybrid bond

2013-03-14 09:11:00| Telecompaper Headlines

(Telecompaper) Telecom Italia has raised EUR 750 million in the issue of a subordinated bond, as part of its EUR 3 billion hybrid bond programme announced in February. Telecom Italia said strong demand for the 60-year bond allowed it to price the issue at a lower yield than the initial guidance. The fixed annual rate was set at 7.75 percent until the first call date in 2018. Additional coupon step-ups are planned, of 25 bps in 2023 and 75bps in 2038. Telecom Italia expects the rating agencies to classify the hybrid issue as half equity.

Tags: eur italia bond telecom

Category:Telecommunications

Latest from this category

All news
»
06.10Hurricane Leslie Graphics
06.10Hurricane Kirk Graphics
06.10Hurricane Leslie Forecast Discussion Number 15
06.10Hurricane Leslie Wind Speed Probabilities Number 15
06.10Hurricane Leslie Public Advisory Number 15
06.10Summary for Hurricane Leslie (AT3/AL132024)
06.10Hurricane Leslie Forecast Advisory Number 15
06.10Hurricane Kirk Forecast Discussion Number 27
More »