Buzzi Unicem start an offer today equity-linked bonds expiring on 17 July 2019 for a total nominal amount of 150 million euro, which may be increased up to 25 million at the company's option by the pricing date.
The nominal amount may be increased by a further 25 million up to a grand total of 200 million euros in the event of full exercise of the over-allotment option granted to the Joint Bookrunners.
The bonds, specifies a note, will be convertible into Buzzi ordinary shares subject to the approval, by the company's extraordinary shareholders' meeting, of a capital increase with the exclusion of the option right to be reserved exclusively for the conversion service. The extraordinary shareholders' meeting will be convened on a date prior to 31 December 2013.
Buzzi Unicem shares lose 1,4% at the opening today in Piazza Affari.
