Telecom Italia considers $1.4Bn retail bond (Italy)

www.WirelessFederation.com/news: Telecom Italia, the Italian mobile operator, is likely to issue bond of nearly around 1 billion euros ($1.4 billion) for retail investors, a media source unveiled. Small investors’ appetite for corporate bonds has grown over the last couple of months as returns on bonds are more attractive than the low rates on offer for cash.

The company’s Chief Financial Officer Marco Patuano said this month Telecom Italia had no need to tap the market until the end of 2009 but could consider the issuance of bonds to several categories of investors, though not necessarily this year.