Telecom Italia 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.
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.
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