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.

TIM and LGBT+ people: the road to inclusion

Our presence at the Pride events, our collaboration with Parks, Valentina' story , LGBT+ wife and mother. Read more

Telecom Italia 500 million sterling 10-year bond issue successfully completed

06/16/2005 - 12:00 PM


The new issue for institutional investors will deliver better terms compared to those potentially obtainable through euro denominated bonds

Telecom Italia today successfully completed the bookbuilding and setting of conditions for a fixed-rate, 10-year bond issue, offered to institutional investors, for a total of 500 million sterling.

The issue on the sterling market, aimed at refinancing debt at a lower cost, will deliver better terms compared to those potentially obtainable through euro denominated bonds and lower the average cost of debt.

With this new operation, Telecom Italia continues its strategy of debt diversification, both in terms of currency and investors. The success of the operation confirms the confidence of capital markets in Telecom Italia credit.

The main features of the issue are as follows:

• issuer: Telecom Italia S.p.A.
• amount: 500 million sterling
• issue date: 29 june 2005
• maturity: 29 december 2015
• tenor: 10 years
• coupon: 5,625% paid annually
• issue price: 99,878%
• yield to maturity: 5,646%

The sterling issue is part of Telecom Italia’s 10 billion euro EMTN (Euro Medium Term Notes) Programme and was jointly arranged by ABN Amro, Barclays Capital, HSBC and Royal Bank of Scotland, as Lead Arrangers and Book Runners.

The bond will 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, 16 June 2005