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Published on 1/19/2023 in the Prospect News High Yield Daily.

Telecom Italia sets initial talk on benchmark euro-denominated five-year bullet in low-7% area

By Paul A. Harris

Portland, Ore., Jan. 19 – Telecom Italia SpA set initial guidance on a benchmark euro-denominated offering of TIM SpA five-year senior bullet notes in the low-7% area, according to market sources.

Goldman Sachs and JPMorgan are the lead bookrunners. BNP Paribas, Credit Agricole, UniCredit, SMBC and MUFG are joint bookrunners.

The Turin, Italy-based telecom plans to use the proceeds to repay debt.


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