{"id":108021,"date":"2021-01-11T10:21:06","date_gmt":"2021-01-11T10:21:06","guid":{"rendered":"https:\/\/precoinnews.com\/?p=108021"},"modified":"2021-01-11T10:21:06","modified_gmt":"2021-01-11T10:21:06","slug":"update-1-telecom-italia-to-issue-8-year-green-bond-for-up-to-1-bln-euros-source","status":"publish","type":"post","link":"https:\/\/precoinnews.com\/markets\/update-1-telecom-italia-to-issue-8-year-green-bond-for-up-to-1-bln-euros-source\/","title":{"rendered":"UPDATE 1-Telecom Italia to issue 8-year green bond for up to 1 bln euros – source"},"content":{"rendered":"

(Adds details on yield)<\/p>\n

MILAN, Jan 11 (Reuters) – Telecom Italia (TIM) is preparing to raise up to 1 billion euros ($1.2 billion) with its first green bond, a source with knowledge of the matter said on Monday, as Italy\u2019s biggest phone group strives to upgrade its networks.<\/p>\n

The former phone monopoly is working to modernise its fixed and mobile grids, making them more energy-efficient and targetting carbon neutrality by 2030.<\/p>\n

Green bonds allow borrowers to raise funds for projects that benefit the environment.<\/p>\n

The source said the bond had an eight-year maturity and would be issued for up to 1 billion euros.<\/p>\n

The initial indications on the price point to a yield of around 2.25%, equivalent to a spread of 255-260 basis points over the mid-market swap rate, the source added.<\/p>\n

A market source confirmed the pricing details.<\/p>\n

Banca Akros, BNP Paribas, Credit Agricole CIB, Deutsche Bank, UniCredit, Banco Santander, BBVA, Credit Suisse and UBI Banca are lead managing the bond sale.<\/p>\n

Source: Read Full Article<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"

(Adds details on yield) MILAN, Jan 11<\/p>\n","protected":false},"author":3,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[23054],"tags":[],"yoast_head":"\nUPDATE 1-Telecom Italia to issue 8-year green bond for up to 1 bln euros - source - Pre Coin News<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/precoinnews.com\/markets\/update-1-telecom-italia-to-issue-8-year-green-bond-for-up-to-1-bln-euros-source\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"UPDATE 1-Telecom Italia to issue 8-year green bond for up to 1 bln euros - source - Pre Coin News\" \/>\n<meta property=\"og:description\" content=\"(Adds details on yield) MILAN, Jan 11\" \/>\n<meta property=\"og:url\" content=\"https:\/\/precoinnews.com\/markets\/update-1-telecom-italia-to-issue-8-year-green-bond-for-up-to-1-bln-euros-source\/\" \/>\n<meta property=\"og:site_name\" content=\"Pre Coin News\" \/>\n<meta property=\"article:published_time\" content=\"2021-01-11T10:21:06+00:00\" \/>\n<meta name=\"author\" content=\"mediabest\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"mediabest\" \/>\n\t<meta name=\"twitter:label2\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"1 minute\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\/\/schema.org\",\"@graph\":[{\"@type\":\"WebPage\",\"@id\":\"https:\/\/precoinnews.com\/markets\/update-1-telecom-italia-to-issue-8-year-green-bond-for-up-to-1-bln-euros-source\/\",\"url\":\"https:\/\/precoinnews.com\/markets\/update-1-telecom-italia-to-issue-8-year-green-bond-for-up-to-1-bln-euros-source\/\",\"name\":\"UPDATE 1-Telecom Italia to issue 8-year green bond for up to 1 bln euros - 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