Telecom Italia to sell 1-bn-euro, 7-year ‘junk bond’

IMG title=”” alt=”” src=”http://www.mineralfossil.com/wp-content/uploads/2014/01/wpid-2c3cca6bc06b9208c2168884618059a4.jpg” IMG class=hide alt=”Telecom Italia to sell 1-bn-euro, 7-year ‘junk bond'” src=”http://www.mineralfossil.com/wp-content/uploads/2014/01/wpid-2c3cca6bc06b9208c2168884618059a4.jpg” (ANSA) – Milan, January 16 – Telecom Italia is readying itself for the issue of its first ‘junk bond’, the first time it is selling debt since Standard Poor’s cut its ratings. PThe company is gearing up to sell a one-billion-euro, 7-year bond bearing a yield that it 300 basis points above standard mid-swap rates, according to financial sources close to the company./PIMG id=mediaViewer title=”” alt=”” src=”http://www.mineralfossil.com/wp-content/uploads/2014/01/wpid-trasp85.gif”ALL RIGHTS RESERVED