Telecom Italia SpA Announces Placement Of EUR 1.30 Billion Convertible Bonds

Friday, 8 Nov 2013 01:44am EST 

Telecom Italia SpA announced the placement of EUR 1.30 billion Fixed Rate Guaranteed Subordinated Mandatory Convertible Bonds due November 2016 convertible into ordinary shares issued by Telecom Italia Finance SA (the "Issuer"), to be guaranteed by Telecom Italia SpA. The Ordinary Share Bonds placed with a coupon of 6.125% per annum and an initial maximum conversion price set at 122.5% of the minimum conversion price of such Ordinary Share Bonds. The minimum conversion price will be set and announced after the close of Borsa Italiana on November 8, 2013. The Proceeds of the Bonds to be used for the Issuer's general corporate purposes. 

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