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Telecom Italia SpA issues 10-year bond for $1.5 bln


Thursday, 22 May 2014 04:49pm EDT 

Telecom Italia SpA:Issues 10-year bond for $1.5 billion.Settlement date: May 30.Maturity: May 30, 2024.Coupon: 5.303 percent.Issue price: 100 percent.Redemption price at maturity: 100 percent.Actual yield to maturity 5.303 percent, corresponds to yield of 275 basis points above corresponding US Treasury bond.