TI halves dealers’ premium, buyback zooms
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Corporate Bonds

TI halves dealers’ premium, buyback zooms

Telecom Italia has completed a highly successful buyback of three dollar bonds, retrieving $1.577bn of notes in an exercise originally capped at $750m. Morgan Stanley was structuring adviser on the transaction, and was dealer manager with Crédit Agricole, HSBC, Natixis and UBS.

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