Telecom Italia is a major telecommunications company operating primarily in Italy, offering fixed-line and mobile telephony, broadband internet, and pay television services.
An examination of a specific debt instrument issued by Telecom Italia, a prominent Italian telecommunications provider known for its extensive fixed-line and mobile networks across Italy and beyond, reveals the characteristics of a bond that has successfully reached its full term. This particular bond, identified by ISIN Code XS0304816076, was denominated in EUR and represented a substantial total issuance size of EUR 400,000,000. The offering stipulated a minimum purchase size of EUR 50,000 for investors. A key characteristic was its 0% interest rate, which typically indicates a zero-coupon bond structure where investors acquire the bond at a discount to its par value, realizing their return upon repayment at maturity rather than through periodic coupon payments. The bond specified an annual payment frequency, a standard convention in debt markets, although for a zero-coupon bond this largely pertains to the principal redemption schedule. The bond's definitive maturity date was June 7, 2016. Consistent with its full term completion, the bond was observed at a market price of 100% at maturity, confirming its full principal redemption. This instrument, issued from Italy, has now completely matured, and its face value has been successfully repaid to all bondholders.
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XS0304816076 ( in EUR )
