TIM makes sustainability debut

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By Owen Sanderson
11 Jan 2021

TIM, formerly Telecom Italia, had almost €4bn of demand for its debut sustainability bond on Monday, a €1bn eight year. The company put its sustainable financing framework in place last year, an umbrella document allowing it to raise green, social or sustainable finance in bond or loan format.

BNP Paribas and Crédit Agricole were sustainability structuring advisers, with the former also billing and delivering. There are eight other banks in the bookrunner group.

Leads announced the deal on Monday morning as a benchmark-sized issue at price thoughts of 2.25% area. They had gathered a €3.5bn book ...

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