Telecom Italia (TIT.MI) priced its five-year bond, one of the banks leading the sale said Thursday.

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.

The terms of the transaction are as follows:

 
Amount:           EUR750 million 
Maturity:         Jan. 20, 2017 
Coupon:           7.00% 
Reoffer Price:    99.406 
Payment Date:     Oct. 20, 2011 
Spread:           498.1 basis points over midswaps 
Debt Ratings:     Baa2 (Moody's) 
                  BBB  (Standard & Poor's) 
                  BBB  (Fitch) 
Listing:          Luxembourg 
Interest:         Annual

-By Sarka Halas, Dow Jones Newswires; +44 (0) 207 842 9236; Sarka.Halasova@dowjones.com

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