Telecom Italia tops up 5-yr bond in first junk-rated sale after turmoil

Kitco Media
By Reuters
Published:
Updated:
Reuters
April 3 (Reuters) - Telecom Italia on Monday became the first junk-rated European company to tap debt markets after the recent banking turmoil when it raised 400 million euros ($435.64 million) by selling a new tranche of an existing bond due in 2028. ($1 = 0.9182 euros) (Reporting by Sara Rossi and Anirudh Saligrama; Editing by Valentina Za)

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