Telecom Italia SpA issues 1 billion euro bond

Thursday, 16 Jan 2014 12:48pm EST 

Telecom Italia SpA:Announces that it issued a 1 billion euro, fixed rate bond offered to institutional investors.Says yield of the bond, equal to 4.594 percent, is below the average cost of debt (5.4 percent at the end of Sep. 2013).Says proceeds of this issue will be used to refinance maturing debt. 

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4:15am EDT