Telecom Italia has issued a €1bn (US$1.07bn) six and half year bond with the lowest coupon amongst the non-convertible Eurobonds ever issued by the telco. The fixed-rate notes, with a coupon of 2.5%, was priced at 99.288% to yield 2.622%, which the company said is largely below its average cost of debt that stood at 5.1% […]