Approved by the board of directors of TerniEnergia the issue of a bond loan of a maximum of 25 million euro, with a duration of 5 years.
The bond will have a fixed interest rate of 6,875% and a subscription price of 100% of the nominal value, net of a discount percentage of 0,50%.
The issue date is within February of this year, while the expiry date within February 2019.
The company maintains integration into the financial market as its goal. “With this operation -commented the chairman and CEO Stefano Neri- TerniEnergia will proceed for the first time with the listing of bonds on the ExtraMOT PRO market managed by Borsa Italiana, strengthening its visibility on the capital market and demonstrating its ability to operate in a structured manner.”
A note informs that "the bonds will be subscribed and placed by a Sole lead manager, Jci Capital Limited Investment & Asset Management, at a subscription price equal to 100% of the nominal value, net of a discount percentage equal to 0,50 %, and their issuance will not constitute an offer of securities to the public."
The funding deriving from the placement will be "used for the full development of the corporate activity and for the support of the industrial strategy which envisages a strong strengthening of the international activity, an increase in turnover, a constant operating margin and a growing generation of value for the shareholders,” Neri specified.
