Brief: First Capital's Board Proposes EUR 25 Mln Convertible Bond Issue

First Capital SpA

11/10/2019 07:39

Oct 11 (Reuters) - First Capital SpA  FICP.MI :
    * REPORTED ON THURSDAY ITS BOARD TO PROPOSE TO SHAREHOLDERS
ISSUE
OF CONVERTIBLE BOND FOR EUR 25 MLN 
    * BOND WILL BE ISSUED IN ONE OR MORE TRANCHES WITH A 3.75%
ANNUAL
COUPON AND MATURITY IN 2026
    * PROPOSED CONVERSION PRICE IS EUR 20 PER SHARE WITH A
PROPOSED
CONVERSION PREMIUM OF 5% OF NOMINAL VALUE PAID IN CASH
    * RECEIVED NON-BINDING SUBSCRIPTION PROPOSALS FOR MORE THAN
EUR 12
MLN
    * THE BOND TO BE LISTED ON THE AIM ITALIA MARKET OF ITALIAN
STOCK
EXCHANGE

    
 Source text for Eikon:  urn:newsml:reuters.com:*:nBIA48BVVL
    
 Further company coverage:  FICP.MI  
   


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