Amplifon on Wednesday launched a 350 million euro non-convertible nu bond with a 7-year maturity.
Demand exceeded supply 10 times, reaching over 3,5 billion.
For the yield, the midswap spread will be 140 basis points, against initial indications of yield of 180-190 basis points above the midswap.
The rating expected for the stock is BB+ from S&P.
In the placement, Unicredit played the role of global coordinator, in addition to that of joint bookrunners with Bnp Paribas, HSBC, Ing and Mediobanca.
In the early afternoon, Amplifon stock market share – listed on the Star segment and part of the Ftse Mib since the end of 2018 – gains 1,58%, to 26,96 euros.
