(Tiper Stock Exchange) – TIM has successfully placed a unsecured bond of 850 million euros at a fixed rate offered to institutional investors. The proceeds of the new issue will be used to optimize and refinance existing debt maturities.
“The success of today’s bond placement – he commented Pietro Labriola, Chief Executive Officer of TIM – is the result of the action of profound change started over the last year. This operation is proof of the trust that the market has in our company”.
“The strong demand recorded by investors is the best response to the commitment shown by all the operational components of the Group to achieve the objectives set and constant management improvements. The loan raised strengthens the Group’s liquidity position and allows us to support the country’s ambitious investment plan in innovation and technological development” concluded the CEO.