Log in
E-mail
Password
Remember
Forgot password ?
Become a member for free
Sign up
Sign up
Settings
Settings
Dynamic quotes 
OFFON

4-Traders Homepage  >  Equities  >  Italian Stock Exchange  >  Telecom Italia    TIT   IT0003497168

SummaryQuotesChartsNewsAnalysisCalendarCompanyFinancialsConsensusRevisions 
News SummaryMost relevantAll newsSector newsTweets

TIM: €1.25 billion 10-year bond issue

share with twitter share with LinkedIn share with facebook
share via e-mail
0
10/05/2017 | 08:05pm CEST

The Securities referred to in this press release have not been and will not be registered under the US Securities Act of 1933, as amended, and may not be offered or sold in the United States absent registration or an applicable exemption from the registration requirements. This announcement shall not constitute an offer to sell nor a solicitation of an offer to buy these securities.

-----------------

TIM has successfully launched the issue of a €1.25 billion fixed-rate bond offered to institutional investors.

The great quality and amount of the orders received once again confirms the market's positive attitude towards TIM's credit, allowing the company to price the issue with a yield lower than initial guidance, for a 2.375% coupon, being the lowest amongst the non-convertible Euro bonds issued by the Group.

The yield of the bond, equal to 2.468%, is largely below the Group's average cost of debt (5% at the end of June 2017).

The proceeds of the new issue will be used to optimize and refinance forthcoming debt maturities.

Details are:

Issuer: Telecom Italia S.p.A.
Amount: Euro 1.25 billion
Settlement date: 12 October 2017
Maturity: 12 October 2027
Coupon: 2.375%
Issue price: 99.185%
Redemption price: 100.000%

The actual yield to maturity of 2.468%, corresponds to a yield of 157 basis points above the reference rate (mid swap).

The notes will be issued under the Group's Euro 20 billion EMTN programme and will be listed on the Luxembourg Stock Exchange.

Milan, 5 October 2017

Telecom Italia S.p.A. published this content on 05 October 2017 and is solely responsible for the information contained herein.
Distributed by Public, unedited and unaltered, on 05 October 2017 18:04:05 UTC.

share with twitter share with LinkedIn share with facebook
share via e-mail
0
Latest news on TELECOM ITALIA
10/20 TELECOM ITALIA : TIM board approves joint venture with Canal+
10/20 TIM : BoD gives go-ahead to joint venture with Canal+
10/20 Telecom Italia's network should be spun off and listed - minister
10/19 TELECOM ITALIA : Calenda says new phase for TIM after Genish meeting (2)
10/19 TELECOM ITALIA : ++ Calenda says new phase for TIM after Genish meeting ++
10/19 TELECOM ITALIA : "Activation of an Optical Network Unit in a Multi-Wavelength Pa..
10/17DJTELECOM ITALIA : Told to Expect Government Intervention
10/17 TELECOM ITALIA : Italy exercises 'golden power' to protect Telecom Italia
10/16 TIM : NOTIFICATION OF THE “GOLDEN POWER” MEASURE RECEIVED
10/16 TELECOM ITALIA : Vivendi declines comment on Italy's exercise of 'golden power'
More news
News from SeekingAlpha
10/16 Telecom official not aware of Italy-TI talks over network spin-off
10/16 Italy pulls trigger on 'golden power' over Telecom Italia
10/11 Italy party chief mulls state role for Telecom Italia
10/10 REPORTS : Vivendi offering payment to settle Mediaset dispute
10/09 Lawyers for Vivendi, Mediaset seek resolution of thorny dispute
Financials (€)
Sales 2017 19 673 M
EBIT 2017 4 215 M
Net income 2017 1 526 M
Debt 2017 26 572 M
Yield 2017 0,26%
P/E ratio 2017 10,73
P/E ratio 2018 9,80
EV / Sales 2017 2,14x
EV / Sales 2018 2,08x
Capitalization 15 472 M
Chart TELECOM ITALIA
Duration : Period :
Telecom Italia Technical Analysis Chart | TIT | IT0003497168 | 4-Traders
Technical analysis trends TELECOM ITALIA
Short TermMid-TermLong Term
TrendsBearishBearishNeutral
Income Statement Evolution
Consensus
Sell
Buy
Mean consensus OUTPERFORM
Number of Analysts 29
Average target price 1,01 €
Spread / Average Target 32%
EPS Revisions
Managers
NameTitle
Amos Genish Chief Executive Officer & Director
Arnaud Nicolas de Puyfontaine Executive Chairman
Piergiorgio Peluso CFO, Head-Administration, Finance & Control
Roberto Mazzilli Head-Information Technology & Security Compliance
Lucia Calvosa Independent Director
Sector and Competitors
1st jan.Capitalization (M$)
TELECOM ITALIA-9.14%18 231
VERIZON COMMUNICATIONS-8.86%202 053
NIPPON TELEGRAPH AND TELEPHONE CORP7.96%97 909
DEUTSCHE TELEKOM-4.92%86 429
TELEFONICA1.66%54 229
SINGAPORE TELECOMMUNICATIONS LIMITED3.30%45 135