January 16, 2014 / 3:38 PM / 5 years ago

Telecom Italia prezza bond 2021 da 1 mld, decola 4,5%, MS+300 pb-lead

Jan 16 (Reuters) - Following are terms and conditions of a bond priced on

    Borrower                Telecom Italia S.p.A. TLIT.MI 
    Issue Amount            1.0 billion euro
    Maturity Date           January 25, 2021
    Coupon                  4.5 pct
    Issue price             99.447
    Yield                   4.594 pct
    Spread                  300 basis points
    Underlying govt bond    Over Mid-swaps, equivalent to 335.5bp
                            over the 2.5 pct January 2021 DBR
    Payment Date            January 23, 2014
    Lead Manager(s)         Barclays, Credit Agricole CIB, Goldman Sachs
                            International, Societe Generale CIB, BofAML, 
                            HSBC, ING & Natixis
    Ratings                 Ba1 (Moody's)
    Listing                 Lux
    Full fees               Undisclosed
    Denoms (K)              100-1
    Governing Law           English
    Notes                   Launched under issuer's EMTN programme 
    ISIN                    XS1020952435

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