Drums Investment Partners launches a 300 million euro bond with maturity in five years. This was communicated by the investment company, specifying that “the issue price was set at 99,421 euros, with a fixed annual coupon of 2,5%”.
The bonds will be listed on the Luxembourg Stock Exchange. The settlement of the consideration for the issue will take place on 5 December.
The operation has two goals: "Encourage the continuation of the investment policy in excellent companies that wish to accelerate their development paths - continues the note - and repay the 100 million bond loan maturing in April 2020".
As of November 22, 2019 the total return 5-year shareholder tip was 184,1%, which equates to an average annual return of 36,8%. During the same period the title Typ, listed on the Star segment of Borsa Italiana, recorded a positive performance of 166,4%.
