New Issue: Tiscali sells €200 million convertible at 4.25% yield, up 32%

Nashville, Sept. 5 - Tiscali SpA sold €200 million of three-year non-callable convertible bonds at par to yield 4.25% with a 32% initial conversion premium, via lead manager Goldman Sachs.

Terms of the deal are:

Issuer: Tiscali SpA

Issue:	Convertible bonds
Bookrunner:	Goldman Sachs
Amount	€200 million
Maturity:	2006
Coupon:	4.25%
Price:	Par
Redemption price:	Par
Yield:	4.25%
Conversion premium:	32%
Conversion price:	€7.63
Conversion ratio:	131.0685
Call:	Non-callable

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