TIM Green

A set of initiatives to improve the environmental efficiency of our products, from the use of sustainable materials to the reduction of energy consumption. Read more

Latest press releases

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

TIM and LGBT+ people: the road to inclusion

Our presence at the Pride events, our collaboration with Parks, Valentina' story , LGBT+ wife and mother. Read more

Living in the cloud with TIM

Cloud computing allows anyone to access maximum potential in processing power, paving the way for endless applications. Read More

Debt Structure as of March 31, 2021

05/20/2021 - 03:30 PM

IQ 2021 Results

Reported adjusted gross financial debt: € 29,442 mln

Liquidity Margin - € bln
Out of € 6.87 bln Financial Assets5.36+
Undrawn portion considering the Revolving Credit Facility of € 5 bln expiring in January 2023 and the Bridge to Bond Facility of 1.7 bln expiring in January 20215.00=
Liquidity Margin



  • Average debt maturity: 7.02 years (only bond maturity: 6.83 years)
  • Fixed rate portion on gross debt approximately 72%
  • About 26% of the outstanding bonds (face value) is denominated in USD and GBP and it's fully hedged
  • Cost of debt: ~ 3.6%

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 1,718 €/mln (of which 267 €/mln on bonds)
  • the impact on Financial Assets is equal to 1,201 €/mln.

Therefore, the Net Financial Indebtedness is adjusted by 517 €/mln.