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 December 31, 2023

02/15/2024 - 02:30 PM

IVQ 2023 Results

Reported adjusted gross financial debt: € 32,001 mln

Liquidity Margin - € bln
Out of € 6.35 bln Financial Assets4.7+
Revolving Credit Facility of € 4 bln expiring in May 20264.0=
Liquidity Margin



  • Average debt maturity: 6.72 years (only bond maturity: 6.01 years)
  • Fixed rate portion on gross debt approximately 75%
  • About 28% of the outstanding bonds (face value) is denominated in USD and 7% in BRL, fully hedged vs accounting currencies
  • Cost of debt: ~5,4%

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 635 €/mln (of which 140 €/mln on bonds)
  • the impact on Financial Assets is equal to 515 €/mln. 

Therefore, the Net Financial Indebtedness is adjusted by 120 €/mln.