Brief: IGD To Issue Bonds For Up To EUR 500 Mln
11/11/2019 11:11
Nov 11 (Reuters) - Immobiliare Grande Distribuzione SIIQ SpA
IGD.MI :
* ANNOUNCES NEW ISSUANCE OF NOTES AND THE REFINANCING OF
CERTAIN
OUTSTANDING NOTES
* BOARD OF DIRECTORS APPROVED ISSUANCE OF NEW SENIOR,
NON-CONVERTIBLE NOTES, UP TO MAX AMOUNT OF EUR 500 MILLION BY
JAN 31, 2020
* NEW NOTES TO BE ADMITTED TO TRADING ON EURONEXT DUBLIN AND
TO
OBTAIN RATING BY S&P AND FITCH IN LINE WITH RATING ATTRIBUTED TO
COMPANY
* BOD RESOLVED ALSO UPON TENDER OFFERS IN CASH ON NOTES
DENOMINATED EUR 300 MILLION, EUR 2.5 PER CENT DUE 31 MAY 2021
AND EUR 162 MILLION, EUR 2.65 PER CENT DUE 21 APRIL 2022
* TENDER OFFERS ARE ADDRESSED SOLELY TO INSTITUTIONAL
INVESTORS IN
ITALY AND ABROAD
* PURPOSE OF TRANSACTION IS MAINLY TO REDUCE COST OF DEBT
AND
LENGTHEN EXISTING FINANCIAL MATURITIES
* OFFER PERIOD TO START TODAY AND TO CLOSE ON NOV 19, 2019,
WHILE
SETTLEMENT DATE OF THE TENDER OFFERS IS EXPECTED TO BE NOV 22,
2019
Source text for Eikon: ID:nBIA1QVVkx
Further company coverage: IGD.MI
(Gdansk Newsroom)
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