Telecom Italia announces that it has completed the application process for stock market listing on the EuroMOT index of the Telecom Italia S.p.A. €1,500,000,000 Floating Rate Notes due 2005.
The Italian Stock Exchange has arranged for trading to start on 4 June 2002. UniCredit Banca Mobiliare is the EuroMOT specialist for the bond.
Issued on 21 December 2001, the floating rate bond is for a total corresponding to 1.5 billion euros falling due on 21 June 2005, and is part of the Group´s Global Note Program designed to lengthen the average debt maturity and reduce reliance on short-term bank credit.