All material subject to strictly enforced copyright laws. © 2022 Euromoney Institutional Investor PLC group
EquityEquity-Linked

Telefonica rounds off summer with mandatory exchangeable

Telefonica disposed of part of what would otherwise soon have been a directly-held stake in Telecom Italia on Wednesday night through a €750m mandatory exchangeable bond. It was the first of what could be several sales resulting from the demerger of holding company Telco, which owns 22.4% of TI and whose shareholders also include Mediobanca, Intesa Sanpaolo and Generali.

Unlock this article.

The content you are trying to view is exclusive to our subscribers.

To unlock this article:

Take a Free Trial or Login
We use cookies to provide a personalized site experience.
By continuing to use & browse the site you agree to our Privacy Policy.
I agree