Here come the corporate bonds for the Rossoneri transfer market. From today, two new bonds of the AC Milan football club are listed on the Vienna Stock Exchange. The two securities, according to a note, are worth a total of 128 million euros and have a maturity of just under a year and a half.
The double bond was issued to repay a shareholders' loan and for the investments necessary for the transfer market. As anticipated by the Sole 24 Ore at the end of April, the issue will be fully subscribed by the Elliott fund, the group of financier Paul Singer who provided a 303 million euro loan to the new AC Milan owner, Yonghong Li, for the group purchase. Loan to be repaid in 18 months.
Currently 53 bonds of Italian companies with issue volumes of over 6,2 billion euros are tradable on the Vienna Stock Exchange. Among these companies such as Barilla, Davide Campari, L'espresso, the transmission network operator Snam and the cement producer Buzzi Unicem.
