Unicoop Tirreno Società Cooperativa (Coop Italia, present throughout the Tyrrhenian Sea) launches a bond issue reserved for its members (, promising the prospectus on the website) with a nominal value of 500 euros each, for a maximum total value of 150 million euros (a maximum of 300.000 bonds). This bond will be divided into two modalities: the "simple" bond loan of a maximum of 100 million euros, and the "Plus" bond loan of a maximum of 50 million euros. Both loans have duration of 2 years from the date of first issue of the bonds, without prejudice to the right of subscribers to request early repayment. The gross annual rate of the bonds is 0,80% for the "simple" loan and 1,00% for the "Plus" loan. The interest payments, communicates the cooperative society, will be made on 30 December and 30 June of each year. The first interest payment date is scheduled for December 30, 2021.
The bonds are issued directly by Unicoop to the lender members, without intermediaries, starting from 29 March 2021 until 29 June 2021. In the event that the maximum amount of each bond is not subscribed, there will be a second subscription period starting from 5 July 2021 and ending on 5 October 2021. If the bonds are not fully subscribed on 5 October 2021, the subscription will in any case be understood to have been made only partially reached for both or only one of the bonds, also taking into account any bonds canceled as a result of the investor exercising the right of withdrawal.
Finally, the bond offer, specifies Unicoop, is neither addressed, nor promoted nor communicated, nor registered directly or indirectly, and cannot be accepted, directly or indirectly, in or from the United States of America, Canada, Japan and Australia, as well as in other countries in which the offer is not permitted in the absence of specific exemptions or authorizations from the competent authorities.
