Exor completed the issue of a non-convertible bond loan for an amount of 150 million, maturing on October 16, 2019, through a private placement with qualified investors.
The purpose of the issue is to provide the Agnelli family's financial institution with new financial resources, as part of the company's strategy of extending the maturity of the debt.
The bonds have a fixed annual coupon of 4,750% (with an effective yield to maturity of 5,073%) and Standard & Poor's assigned a credit rating of BBB+ to the securities.
