Telecom Italia to meet Australian bond investors

SYDNEY, Sept 24 (Reuters) - Telecom Italia is hosting a non-deal roadshow with Australian bond investors next week, two fund managers who have been contacted by arranger Goldman Sachs said on Friday.

Presentations include Sydney on Tuesday and Melbourne on Thursday, the fund managers said.

A number of borrowers have hosted 'non-deal roadshows' this year, though many did result in bond issues.

Issuers tend to prefer calling such presentations non-deal or updates, to avoid embarassment should there be no issue.

It would be Telecom Italia's first visit to Australia. The company has never sold Australian bonds.

Rated BBB by S&P, it is Europe's No. 5 telecoms operator.

(Reporting by Cecile Lefort)

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