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MILAN - Telecom Italia SpA has announced plans to issue a benchmark-sized, 5-year senior unsecured notes offering denominated in euros, according to a stabilization notice released Tuesday.
J.P. Morgan SE will serve as the stabilization coordinator for the offering, alongside ten stabilization managers including BBVA, BNP Paribas, Citigroup, Credit Agricole CIB, Goldman Sachs, Intesa Sanpaolo, MUFG, Santander, Société Générale, and UniCredit.
The notes will be issued in a minimum denomination of EUR 100,000 and are expected to be listed on both the Luxembourg Stock Exchange and Borsa Italiana. The exact size and pricing of the offering have not yet been determined.
The stabilization period is scheduled to begin Tuesday and continue until October 23, 2025. During this period, the stabilization managers may over-allot securities by up to 5% of the aggregate nominal amount to support the market price of the securities.
The offering is directed at qualified investors outside the United States, as the securities have not been and will not be registered under the U.S. Securities Act of 1933.
This announcement is based on a stabilization notice filed with the London Stock Exchange’s Regulatory News Service.
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