Obligation TIM SpA 3.625% ( XS1419869885 ) en EUR

Société émettrice TIM SpA
Prix sur le marché refresh price now   100.25 %  ▼ 
Pays  Italie
Code ISIN  XS1419869885 ( en EUR )
Coupon 3.625% par an ( paiement annuel )
Echéance 24/05/2026



Prospectus brochure de l'obligation TIM S.p.A XS1419869885 en EUR 3.625%, échéance 24/05/2026


Montant Minimal /
Montant de l'émission /
Prochain Coupon 25/05/2026 ( Dans 105 jours )
Description détaillée TIM S.p.A. est le principal fournisseur italien de services de télécommunications fixes et mobiles, proposant également des services de données, de télévision et de contenus numériques.

L'Obligation émise par TIM SpA ( Italie ) , en EUR, avec le code ISIN XS1419869885, paye un coupon de 3.625% par an.
Le paiement des coupons est annuel et la maturité de l'Obligation est le 24/05/2026







FINAL VERSION
FINAL TERMS
23 May 2016
TELECOM ITALIA S.p.A.
Issue of 1,000,000,000 3.625 per cent. Notes due 25 May 2026
under the 20,000,000,000
Euro Medium Term Note Programme
PART A ­ CONTRACTUAL TERMS
Terms used herein shall be deemed to be defined as such for the purposes of the Terms and Conditions of
the Notes (the Conditions) set forth in the EMTN Programme Prospectus dated 30 June 2015 and the
supplements to it dated 4 January 2016 and 17 May 2016 which together constitute a base prospectus for
the purposes of Directive 2003/71/EC, as amended (the Prospectus Directive) (the EMTN Programme
Prospectus). This document constitutes the Final Terms of the Notes described herein for the purposes
of Article 5.4 of the Prospectus Directive and must be read in conjunction with the EMTN Programme
Prospectus. Full information on the Issuer and the offer of the Notes is only available on the basis of the
combination of these Final Terms and the EMTN Programme Prospectus. The EMTN Programme
Prospectus has been published at www.telecomitalia.it and www.bourse.lu and copies may be obtained
free of charge from the Issuer at its registered office. In addition, the EMTN Programme Prospectus will
be available from the specified office of each of the Paying Agents.
1.
(a)
Series Number:
37
(b)
Tranche Number:
1
(c)
Date on which the Notes will Not Applicable
be consolidated and form a
single Series:
2.
Specified Currency or Currencies:
Euro ("")
3.
Aggregate Nominal Amount of Notes
admitted to trading:
(a)
Series:
1,000,000,000
(b)
Tranche:
1,000,000,000
4.
Issue Price:
100% of the Aggregate Nominal Amount
5.
(a)
Specified Denominations:
100,000 and integral multiples of 1,000 in excess
thereof up to and including 199,000. No Notes in
definitive form will be issued with a denomination above
199,000
(b)
Calculation Amount:
1,000
6.
(a)
Issue Date:
25 May 2016
(b)
Interest
Commencement Issue Date
Date:
7.
Maturity Date:
25 May 2026


8.
Interest Basis:
3.625% Fixed Rate
(further particulars specified below)
9.
Redemption/Payment Basis:
Subject to any purchase and cancellation or early
redemption, the Notes will be redeemed on the Maturity
Date at 100 per cent. of their nominal amount
10.
Change of Interest Basis:
Not Applicable
11.
Put/Call Options:
Not Applicable. See paragraphs 16/17 below
12.
Date Board approval for issuance of 15 February 2016
Notes obtained:
PROVISIONS RELATING TO INTEREST (IF ANY) PAYABLE
13.
Fixed Rate Note Provisions:
Applicable
(a)
Rate(s) of Interest:
3.625% per annum payable in arrears on each Interest
Payment Date
(b)
Interest Payment Date(s):
Annually on 25 May in each year from and including 25
May 2017 (the "First Interest Payment Date") up to and
including the Maturity Date
(c)
Fixed Coupon Amount(s):
36.25 per 1,000 Calculation Amount
(Applicable to Notes in
definitive form.)
(d)
Broken Amount(s):
Not Applicable
(Applicable to Notes in
definitive form.)
(e)
Day Count Fraction:
Actual/Actual (ICMA)
(f)
Determination Date(s):
25 May in each year
14.
Floating Rate Note Provisions:
Not Applicable
15.
Zero Coupon Note Provisions:
Not Applicable
PROVISIONS RELATING TO REDEMPTION
16.
Issuer Call:
Not Applicable
17.
Investor Put:
Not Applicable
18.
Final Redemption Amount:
1,000 per Calculation Amount
19.
Early Redemption Amount payable 1,000 per Calculation Amount
on redemption for taxation reasons or
on event of default:




PART B ­ OTHER INFORMATION
1.
LISTING AND ADMISSION TO TRADING
(i)
Listing and Admission to Application has been made by the Issuer (or on its
trading:
behalf) for the Notes to be admitted to trading on the
Luxembourg Stock Exchange's regulated market and
listed on the Official List of the Luxembourg Stock
Exchange with effect from 25 May 2016.
(ii)
Estimate of total expenses 6,100
related to admission to trading:
2.
RATINGS
The Notes to be issued are expected to be rated:
Standard & Poor's Credit Market Services France
S.A.S.: BB+ (stable)
Moody's Investors Service Espaa, S.A.: Ba1
(negative)
Fitch Ratings Ltd.: BBB- (stable)
Each of Standard & Poor's Credit Market Services
France S.A.S., Moody's Investors Service Espaa,
S.A. and Fitch Ratings Ltd. is established in the
European Union and is registered under Regulation
(EC) No. 1060/2009 (as amended)(the CRA
Regulation).
3.
INTERESTS OF NATURAL AND LEGAL PERSONS INVOLVED IN THE ISSUE
Save for the fees payable to the Joint Lead Managers, so far as the Issuer is aware, no person
involved in the issue of the Notes has an interest material to the offer. The Joint Lead Managers
and their affiliates, including parent companies, have engaged, and may in the future engage, in
financing, investment banking and/or commercial banking transactions with, and may perform
other services for, the Issuer and its affiliates in the ordinary course of business.
4.
YIELD
3.625 per cent. per annum
5.
HISTORIC INTEREST RATES
Not Applicable
6.
OPERATIONAL INFORMATION
(i)
ISIN:
XS1419869885
(ii)
Common Code:
141986988
(iii)
Any clearing system(s) other Not Applicable
than Euroclear and Clearstream
Luxembourg and the relevant
identification number(s):
(iv)
Delivery:
Delivery against payment


(v)
Names and
addresses of Not Applicable
additional Paying Agent(s) (if
any):
(vi)
Deemed delivery of clearing Any notice delivered to Noteholders through the
system notices for the purposes clearing systems will be deemed to have been given
of Condition 14:
on the second business day after the day on which it
was given to Euroclear and Clearstream, Luxembourg.
(vii)
Intended to be held in a manner Yes. Note that the designation "yes" simply means
which would allow Eurosystem that the Notes are intended upon issue to be deposited
eligibility:
with one of the ICSDs as common safekeeper and
does not necessarily mean that the Notes will be
recognised as eligible collateral for Eurosystem
monetary policy and intra-day credit operations by the
Eurosystem either upon issue or at any or all times
during their life. Such recognition will depend upon
the ECB being satisfied that Eurosystem eligibility
criteria have been met.
7.
DISTRIBUTION
(i)
Method of distribution:
Syndicated
(ii)
If syndicated, names of Joint Banca IMI S.p.A.
Lead Managers:
Banco Bilbao Vizcaya Argentaria, S.A.
Barclays Bank PLC
BNP Paribas
Crédit Agricole Corporate and Investment Bank
Credit Suisse Securities (Europe) Limited
HSBC Bank plc
Mediobanca ­ Banca di Credito Finanziario S.p.A.
Mitsubishi UFJ Securities International plc
Natixis
(iii)
Date
of
Subscription 23 May 2016
Agreement:
(iv)
Stabilisation Manager(s) (if Not Applicable
any):
(v)
If non-syndicated, name of Not Applicable
relevant Dealer:
(vi)
U.S. Selling Restrictions:
Reg. S Compliance Category 2; TEFRA D


Document Outline