A&O Shearman advises on TIM EUR500 million bond

The bond pays a fixed annual coupon of 3.625% and is documented under the company’s EUR10bn Euro Medium Term Notes (EMTN) program. The securities have been admitted to trading on the regulated market of the Luxembourg Stock Exchange and on Borsa Italiana.

The A&O Shearman team advising the joint lead managers in the transaction was led by partners Alessandra Pala and Cristiano Tommasi, supported by counsel Sarah Capella, associate Eugenio Sabino, and trainee Lisa Avitabile. Counsel Elia Ferdinando Clarizia advised on tax-related matters.

Alessandra Pala, partner, commented: “Supporting innovation and business growth of the companies also means facilitating strategic transactions on the capital markets. We are proud to have assisted our clients in such a significant transaction, TIM’s bond issuance, thus helping to strengthen the telecommunications sector and promote new development opportunities.”