Brief: French transport tech group NAVYA raises 36 mln euros in convertible bonds via deal with Dubai's Negma Group

Navya SA

21/07/2022 06:35

July 21 (Reuters) - Navya SA  NAVYA.PA :
    * NAVYA RAISES €36M IN CONVERTIBLE BONDS WITH STOCK
ACQUISITION
RIGHTS TO FINANCE ITS GROWTH AND LARGE-SCALE INDUSTRIALIZATION
    * NAVYA RAISES €36M IN CONVERTIBLE BONDS WITH STOCK
ACQUISITION
RIGHTS TO FINANCE ITS GROWTH AND LARGE-SCALE INDUSTRIALIZATION
    * NAVYA RAISES EUR 36M IN CONVERTIBLE BONDS WITH STOCK
ACQUISITION
RIGHTS TO FINANCE ITS GROWTH AND LARGE-SCALE INDUSTRIALIZATION
    * EACH SHARE HAVING A NOMINAL VALUE OF EUR 2,500 AND A
MATURITY OF
TWELVE (12) MONTHS
    * SIGNEDF A FUNDING AGREEMENT ON JULY 20  WITH NEGMA GROUP
FOR A
TOTAL NOMINAL AMOUNT OF EUR 36 MILLION
    * NEGMA IS AN INVESTMENT GROUP THAT IS BASED IN DUBAI IN
UNITED
ARAB EMIRATES AND OPERATES WORLDWIDE
    * FUNDING FROM NEGMA REPRESENTS AN IMMEDIATE IMPROVEMENT OF
NAVYA'S CASH FLOW

Source text for Eikon:  ID:nBw6Dfdrma 
Further company coverage:  NAVYA.PA 

 (Reporting by Sudip Kar-Gupta)
 ((sudip.kargupta@thomsonreuters.com;))