Telecom Italia today launched a new 10-year bond for a total amount of one billion euros. In the afternoon, requests have already exceeded four billion. This was reported by financial sources, explaining that with this issue the favorable market moment linked to the imminent launch of the ECB's corporate bond purchase program was exploited, which should also include Telecom bonds.
The security – with maturity May 25, 2026 – will be priced during the day at a yield of 3,625%. Bookrunners of the operation are Barclays, Bnp Paribas, Credit Suisse, HSBC, BBVA, Banca IMI, Credit Agricole Cib, Mediobanca, MUFJ and Natixis.
