Borrowing like no tomorrow


Olivetti last month surpassed expectations by becoming the first corporate to tap the 30-year maturity in euros. The Italian computer group’s milestone €400 million 7.75% transaction was quickly followed by similar duration deals: France Télécom’s €1 billion 8.125% and Deutsche Telekom’s €500m 7.5% quasi-private placement.

“It needed one corporate to break the ice,” says Michael Ridley, head of syndicate at JPMorgan. “The 30-year sector was stuck in a chicken and egg scenario – issuers did not

Only users who have a paid subscription or are part of a corporate subscription are able to print or copy content.

To access these options, along with all other subscription benefits, please contact or view our subscription options here:

You are currently unable to copy this content. Please contact to find out more.

Sorry, our subscription options are not loading right now

Please try again later. Get in touch with our customer services team if this issue persists.

New to View our subscription options

If you already have an account, please sign in here.

You need to sign in to use this feature. If you don’t have a account, please register for a trial.

Sign in
You are currently on corporate access.

To use this feature you will need an individual account. If you have one already please sign in.

Sign in.

Alternatively you can request an individual account here