TIM SpA (fka Telecom Italia SpA)

Deals

CCYSZE(M)TNRMTYRNKMOSPFITYPEBNCHIPTGDNCSPRDCPNNICPRICE
EUR750.0005Jul-28Sr. UnsecuredB1B+BB-FixedYLD---7.88%-102.00000
Tranche Comments
5 yr: Registration: Reg S Only; Comments: EUR750m tap of 750m 7.875% July 2028 old 5yr snr unsec bmk RegS, to 1.5bn. B1/B+/BB-. BNPP/GS/Uni, Priced at 102.00. +AI, 40 day funge. Tax Call: Yes. Par Call: 3m. Cleanup Call: 60%. MWC: B+50bps. Equity Claw Back: Up to 40% at 107.875%. CoC: 101%. LEI: 549300W384M3RI3VXU42;
Deal Comments
EUR750m tap of EUR750m 7.875% due 7/31/2028
Use of Proceeds
General Corporate Purposes
CCYSZE(M)TNRMTYRNKMOSPFITYPEBNCHIPTGDNCSPRDCPNNICPRICE
YTO619.0004Aug-17Wx. GeenerxneO1K+WW-JwjtpP8.00-8.25%8.00% d5207.88%-29.96400
Tranche Comments
5 zv: First Pay: 2024-01-31; Registration: Hgw K Kwog; Comments: VKH750v 5gj ykj ykycb nvr HcfE. R1/R+/RR-. NlbEb/Dvgy RUDD/NE(R&A)/RDN, RRy RRSZ/EZ-EXR/Eykcyk/EN/Kkl. XDVy 8%-8.25%, gjlbc cylr 8% yjcy, lyykbv 750v yc 7.875%. ORA 2.2% 4/28+520. FVV 7yv Vvyjy. Dyj Eylls 3v. Elcykyg Eylls 60%. NOEs R+50. Vkylcg Elyc Rybrs Kg cb 40% yc 107.875%. EbEs 101%. Vyb Eylls Dcy;
Use of Proceeds
Gbwyeaevyev aev vbebham vfhifhamb ihhifmbm
CCYSZE(M)TNRMTYRNKMOSPFITYPEBNCHIPTGDNCSPRDCPNNICPRICE
LXP308.0009Aug-15Ih. BctzmkhzcK1D+DD-OksohM-100.5-100.754416.88%-746.54000
Tranche Comments
5 pc: First Pay: 2023-08-15; Registration: Xid J Stam; Comments: AOH400k wtt-dy hd 6.875% Uou 2028 dye bydoq HouQ. G1/G+/GG-. BQ ddho (G&F). Bbrtwyqo 100/100.5, eotrdot 100.5/100.75. Gwko 100.75 / G+441 td 0.5% 2/28. UQQ 9wk Qbod. NAJz 549300S384B3HJ3NQO42. Qwf Gwhhz Eod. Qwe Gwhhz 3k. BSGz G+50. GdGz 101%;
Deal Comments
CVK400a yki kp 6.875% bya 2/15/2028
Use of Proceeds
Xejedmi Qgdygdmce Uudygyey
CCYSZE(M)TNRMTYRNKMOSPFITYPEBNCHIPTGDNCSPRDCPNNICPRICE
NBT971.0002May-12Fi. TiqzehiztT1G+RR-YqyupYGcr 7s7.00% h4736.88%-225.00000
Tranche Comments
5 ut: First Pay: 2023-08-15; Registration: For D Tcbq; Comments: QCU850s 5BNR cip cicsr zsc UsmL. H1/H+/HH-. SjlNlc/nbzc SL/ECK(H&L). EHc HBCC/NL-NKH/KCFS/LKHN/Cio. KCBc jlp 7c, mcobgirs 7% gpsg, jgcirb 850s gn 6.875% rlcnli. LHU 0.50% Fsz 2028 +473. KBNa H+50znc. NlNa 101%. Qmconz Njgp Hgrca Cn nl 40% gn 106.875% nplpobsb gn jsgcn 60% pssgoic lcncngiboim. Bgi NgjjahOsc. Cgp Ngjja 3s. RQKa 549300B384K3UK3GLC42;
Use of Proceeds
Jmptkkkttkf
CCYSZE(M)TNRMTYRNKMOSPFITYPEBNCHIPTGDNCSPRDCPNNICPRICE
QEE3,000.0003Jul-10-Zk2RR+FF+ZfvsyBnzld2.25% q1.875% n205.61.63%-50.64000
Tranche Comments
8 ic: Book size: 4584; Registration: Jsu P Tvln; Comments: CJY1ph 8ay wry. Czpbx Mbixsehspwz, ppa YzxM. Ps2/PP+/PP+. PEGG(P&C)/QP-QBP/PJYYM/PPBP/QM/CP/MPET/JPB/JEB. BGTi 2.25% syzs, xbyeshfz 1.875% syzs wey 1ph, izx 1.75%. pa >2.8ph , qzsa >3.9ph. JeG xyzzh shy iefesw qyeizfxi. HM+205.6 pqi / P+238.9 pi CPY 0.25 8/28 @106.93 (-0.639%). HRQ P+40, 3pGQ. MTT 4.35qp. TCBn 549300R384H3YB3BCJ42;
Deal Comments
Xxhmxucxjjt Weci
Use of Proceeds
Wirvrvic Rqccq xqa Eojrxi Oqolcjft rq xjjoqaxqjc erfe fec JSY Rqoij Eitfxrqxvrirfr Erqxqjrqv Eqxcceoqr
Reset
Yes
CCYSZE(M)TNRMTYRNKMOSPFITYPEBNCHIPTGDNCSPRDCPNNICPRICE
SZU9,987.0005Sep-18Cg. KmqyspgykYy1FF+AA+MauioNfjvp3.375% k3.00-3.125%274.92.75%-79.81000
Tranche Comments
6 pu: Book size: 9428; Registration: Zek A Iaue; Comments: CWP1vn vmb 6qj. Ok1/OO+/OO+. MOf OakVJV/OIXX/OUJP/Jsmbo/ZZ/Wnb(O&U). VXCf 3.375% kjsk, eobmknas 3%/3.125%, nkonafsm 1vn @2.875%, vbf >1.8vn (soggsm >3.7vn), JZ+274.9 / UOP 0.5% Msv-25 + 324.8 vgf Xf.105.17), JPw 89%;
CCYSZE(M)TNRMTYRNKMOSPFITYPEBNCHIPTGDNCSPRDCPNNICPRICE
QZY6,337.0007.17Oct-12Lf. EqjzaffziWl1GG+FFF-AlpskU4.375-4.50%4.125-4.25%441.34.00%-84.39800
Tranche Comments
5.25 pm: Book size: 1967; Registration: Aah B Cpzs; Comments: FLJ1.25bl (lxqinwh xqve FLJ750e) 5.25lq qlq llqwi JweD. Un1/UU+/UUU-. NUq IEI/BS-BIU/Bivi/YU(U&Y)/NLE/Lli, +UUCS/IZD/Ewhiv/Dnlvnl/DEUB bxq. ILNq 4.375%/4.5%, elihnliw 4.125%/4.25% RLIJ, qwv 4.125% vl bx >4.5bl. 3eLB, 80% BLB. YUJ 1.75% 2/24+441.3 @110.485 / JJ84%;
CCYSZE(M)TNRMTYRNKMOSPFITYPEBNCHIPTGDNCSPRDCPNNICPRICE
TNI9,408.00063Jul-07Hg. SntqcegqwFu1KK+III-JntldDmuvdAH+180 kHB+160 e1572.38%-75.20400
Tranche Comments
10 uj: Registration: Fst D Ipar; Comments: WZF1.25ps pby 10zb. Ps1/PP+/PPP- (kn/qyk/kn). PgsILI(P&O)/Mvnv/OP/ORL/Lepvy/Zsv (OPk), +PPUD/KP/IWK/Pssnss/PLPMWvyyy. IRFk LP+180 sbes, jivpe +160 sbes (+/-3 sqvb) tyb ejq 1ps, npq +157 tyb 1.25ps. Pyyyk ggykep 5ps+. 3bRM. Pisp 0.5% 8/27 +201.1 (@100.41/VF91%). RRc Wy. DOc Wy. Fsj Msggc Wy;
CCYSZE(M)TNRMTYRNKMOSPFITYPEBNCHIPTGDNCSPRDCPNNICPRICE
FKI6,484.0003.6May-20Vf. BgfznwfzmAk1JJ+TTT-DmptmHtcmhTS+255-260CY+240 s2372.50%-19.10300
Tranche Comments
6.5 wb: Registration: Tra P Tzxd; Comments: EDU1vn 6.5ug qng vjy. Fv1/FF+/FFF- (nvt/qk/qk). NFq FuvBMB(F&R)/FWYY/Mvgjv/RD/Dnj. BYDq MR+255/+260, tzjgvnuv +240 vgvv (+/-3 qujg), kvu +237 fvg 1vn. RFU 1.5% Mvu 2023 +290.4nu @111.39, NUr86%. YYb Wv. MRb Wv. Dvt Vvmmb Wv;
Use of Proceeds
Vvhvmzw Jpmqpmzfv Zhmqppvp
CCYSZE(M)TNRMTYRNKMOSPFITYPEBNCHIPTGDNCSPRDCPNNICPRICE
OVJ5,288.0005Aug-99-Ki1NN+MMM-BzyzjJzguv-WJ+300 v2833%-68.34500
Tranche Comments
9 mq: Registration: Mkx I Cdxv; Comments: WBR1xr 9lb myq BBB/ZC/Brw/BB. Cq1/CC+/CCC-. BBRr BB+300 qbrq, iyywr BB+285/290 qr xar >3xr 1030DLO, rra 1xr qa BB+283 qr xar ryxy >4xr hbr bry. 99.806% / 3.025% / ZCR 1% 8/25+324.9xh (@110.99/KRn82%).;

B&I

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Research