We contribute to the sustainable development of the countries where we operate, with innovative network infrastructures and digital services, sharing our skills and know-how. Read more

Latest press releases

Read the latest press releases and search the archives of TIM Group's Press Office.

Telecom Italia 50-year 850 million euro bond offering to institutional investors successfully completed

03/08/2005 - 12:00 PM

The first public corporate bond issue with a 50-year maturity in the history of the Euro-denominated bond market; and a show of confidence in Telecom Italia. Orders totaled 1.7 billion euros

Telecom Italia S.p.A. today successfully concluded the bookbuilding and setting of conditions for a fixed-rate benchmark 50-year bond issue, offered to institutional investors, for a total of 850 million euro.

After inaugurating the 30-year segment on the Euro-denominated bond market in January 2003, Telecom Italia has now carried out the first public placement of corporate bonds with a 50-year maturity on the same market. The operation aims to refinance group debt, as well as enhance the mix of maturities and cost of financing. Two years after the 30-year placement, this operation confirms the great confidence of capital markets in Telecom Italia credit.

The main features of the issue are as follows:

• Issuer: Telecom Italia S.p.A.
• Amount: 850 million euro
• Issue date: 17 March 2005
• Maturity: 17 March 2055
• Tenor: 50 years
• Coupon: 5.25 %
• Issue price: 99.667 %
• Yield to maturity: 5.269 %

This issue is part of Telecom Italia’s 10 billion euro EMTN (Euro Medium Term Note) Programme and was arranged with the support of Deutsche Bank.

The notes are to be listed on the Luxembourg Stock Exchange.

The securities referred to in this press release have not been and will not be registered under the U.S. Securities Act of 1933 and may not be offered or sold in the United States absent registration or an applicable exemption from registration requirements.


Milan, 8 March 2005