Latest press releases

Redazione ufficio stampa

Read the latest press releases and search the archives of TIM Group's Press Office. Read more

Debt Structure as of March 31, 2024

05/30/2024 - 10:30 AM

IQ 2024 Results

Reported adjusted gross financial debt: € 30,845 mln

Liquidity Margin - € bln
Out of € 4.2 bln Financial Assets3.0+
Revolving Credit Facility of € 4 bln expiring in May 20264.0=
Liquidity Margin

7.0

 

  • Average debt maturity: 6.72 years (only bond maturity: 5.93 years)
  • Fixed rate portion on gross debt approximately 76%
  • About 29% of the outstanding bonds (face value) is denominated in USD and 7% in BRL, fully hedged vs accounting currencies
  • Cost of debt: ~6.1%

NOTE: The figures are net of the adjustment due to the fair value measurement of derivatives and related financial liabilities/assets, as follows:

  • the impact on Gross Financial Debt is equal to 590 €/mln (of which 133 €/mln on bonds),
  • the impact on Financial Assets is equal to 424 €/mln, 

therefore, the Net Financial Indebtedness is adjusted by 166 €/mln.