Articoli
Una obbligazione da inserire nel Portafoglio Reddito
|
Issuer |
Carraro Finance S.A. |
|
Country |
Italy |
|
ISIN |
IT0006768151 |
|
Format |
Senior Unsecured Notes, non-convertible, unsubordinated |
|
Size |
Up to €300 million |
|
Settlement / Issue Date |
17th April 2025 |
|
Maturity |
5 years |
|
Denomination |
€1,000.00 + €1,000.00 |
|
Issue Price |
100 |
|
Minimum rate of interest |
4.75% |
|
Rate of Interest |
[Ÿ] Fixed interest rate. Final Rate of Interest to be decided in due course (semi-annual payment) |
|
Early redemption at the option of the Issuer |
The Issuer may, at any time on or after 17 October 2026, redeem the Notes in whole or in part at the following redemption prices:
|
|
Covenants |
Incurrence covenant regarding level of indebtedness and limits on dividend distribution |
|
Placement |
Subscription through the Mercato Telematico delle Obbligazioni ("MOT", electronic bond trading platform) organized and managed by Borsa Italiana S.p.A. |
|
Authority responsible |
Commission de Surveillance du Secteur Financier, Luxembourg ("CSSF") |
|
Use of Proceeds |
The Issuer intends to use the net proceeds from the Offering and, to the extent required, the Group's existing cash reserves for the early redemption, by 31 January 2026, of (i) in the first place, the €120,000,000 7.75% senior unsecured unrated and non-convertible notes due 6 November 2028 (ISIN: IT0006756438), and (ii) in the second place, the €150,000,000 3.75% senior unsecured unrated and non-convertible notes due 25 September 2026 (ISIN: XS2215041513). Any net proceeds remaining after the redemption of the existing bonds will be employed for general corporate purposes. |
|
Target Market |
Manufacturer Target Market is general public in Italy and Luxembourg, and qualified investors and institutional investors in Italy and abroad |
|
Listing |
It is expected that the bond will be admitted to listing on MOT organized and managed by Borsa Italiana S.p.A., with a dual listing also on the Regulated Market of the Luxembourg Stock Exchange |
|
Roadshow Videocall |
1st April 2025 @14:30 CET (Link Teams below) |
|
Offering Period |
8th April 2025 (9:00 CET) – 14th April 2025 (17:30 CET) |
|
Placement Agent and intermediary responsible for placing the bond on the MOT |
Equita SIM |
Disclaimer
Articolo di Emilio Tomasini, che è iscritto all’Ordine dei Giornalisti e non detiene gli strumenti finanziari oggetto delle sue analisi.
Il nostro giornale rispetta la Carta dei Doveri dell’Informazione Economica clicca qui >>
Informazioni metodo clicca qui >>
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