Esselunga's debut on the debt market is expected on the morning of Wednesday 18 October, and the assumptions suggest a real success. The group will place a bond issue of up to 1 billion euros.
According to what has been learned, the orientation is for an issue in two tranches with different maturities: the first with a duration of around 5-7 years, the second with a longer horizon, between 10 and 12 years. Both tranches should have an amount of up to 500 million.
Through the issue, the Caprotti heirs will be able to repay the pool of banks that financed the repurchase of 67% of Villata Immobiliare.
The Esselunga Group has carried out a long roadshow with the issue which has touched the main international financial markets. In view of the issue, S&P has assigned Esselunga a preliminary rating of 'BBB-' with a stable outlook, while Moody's has assigned a long-term rating of Baa2.
