REFILE-UPDATE 4-Telecom Italia debuts on green bond market with 1-bln-euro sale
(Refiles story to clarify in par 5 it was TIM which had been absent from debt market) * Former phone monopoly attracts over 2.8 bln euros- lead * Final guidance on price points to yield of 1.75% * TIM aims to modernise its networks to cut carbon footprint MILAN, Jan 11 (Reuters) - Telecom Italia (TIM) raised 1 billion euros ($1.2 billion) with its first green bond, one of the lead managers said on Monday, as Italy’s biggest phone group strives to upgrade its networks. The sale of the eight-year issue, which marks TIM’s return to the bond market after a nearly two-year absence, attracted o...
Source: reuters.com