Telecom Italia To Price EUR750 Million Bond At 7.15% Yield
October 13 2011 - 6:57AM
Dow Jones News
Telecom Italia (TIT.MI) has set the final price guidance on its
long five-year bond, one of the banks leading the sale said
Thursday.
Final price guidance is 7.15% yield, tighter than the initial
price guidance released earlier at 7.25% yield area.
The size of the transaction will be EUR750 million. Books are
over EUR4 billion in size, one of the banks said.
BNP Paribas SA, Deutsche Bank AG, Citigroup Inc, Mediobanca Spa,
Intesa Sanpaolo Spa, Credit Suisse AG and Banco Bilbao Vizcaja
Argentaria SA are lead managers on the deal.
Telecom Italia has Baa2 rating from Moody's Investors Services
Inc. and BBB from both Standard & Poor's Corp. and Fitch
Ratings.
-By Serena Ruffoni, Dow Jones Newswires; +44 (0) 207 842 9349;
serena.ruffoni@dowjones.com
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