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Telecom Italia: application process complete for quotation on the Italian Stock Exchange EuroMOT listing of €1,500,000,000 floating rate notes due 2005

06/03/2002 - 12:00 PM

Telecom Italia announces that it has completed the application process for stock market listing on the EuroMOT index of the Telecom Italia S.p.A. €1,500,000,000 Floating Rate Notes due 2005.

The Italian Stock Exchange has arranged for trading to start on 4 June 2002. UniCredit Banca Mobiliare is the EuroMOT specialist for the bond.

Issued on 21 December 2001, the floating rate bond is for a total corresponding to 1.5 billion euros falling due on 21 June 2005, and is part of the Group´s Global Note Program designed to lengthen the average debt maturity and reduce reliance on short-term bank credit.