TIM details next debt sale in Brazil

TIM details next debt sale in Brazil

Debenture Debt Telecoms Mobile Project & Infrastructure Finance Capital Markets Brazil Italy

TIM Brasil, the Brazilian subsidiary of Italian telecommunications company TIM, said it plans to issue BRL1.6 million ($299 mln) in seven-year notes in the local market to raise money to develop a 5G network and cover other investments. TIM Brasil expects to price the new 2028 debentures at the IPCA consumer price index plus 4.1682% per year, it said in a securities filing late Thursday. It did not say if it had hired a bank to coordinate the sale, but it worked with Itaú BBA on a BRL1 billion d

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