(Finance) – Alps Blockchain SpA, with registered office in Trento, has launched an issue of non-convertible, guaranteed and non-subordinated bonds, aimed exclusively at qualified investors. The bond loan has a maximum total amount of 75 million euros and will be represented by a maximum of 750 bonds, each with a nominal unit value of 100,000 euros. The issue will have a duration of five years starting from 2024, with maturity in 2029.
The bonds issued will have an annual coupon and will bear interest from the date of issue until maturity. The annual interest rate will be 14%, divided into a cash component of 12.5% payable annually and a deferred component of 1.5%, due at maturity or in the event of early repayment.
The bond loan is guaranteed by a pledge deed constituted on Smart FF Srl shares held by the issuer. The issue has been authorized by the Board of Directors of the company on a date to be defined during 2024. In the event of non-full subscription on the first issue date, the issuer may continue to issue bonds within six months from the first issue date, maintaining the same conditions and the same ISIN code.
The proceeds from the issuance will be used primarily to purchase new Bitcoin Miners and associated infrastructure, as well as to finance any joint ventures of which Alps Blockchain SpA is a member.
For the duration of the bond, Alps Blockchain SpA undertakes to provide bondholders with periodic information on the company’s financial and equity situation, as well as promptly communicate any relevant event.
This summary has been prepared with the aid of generative artificial intelligence and may contain inaccuracies or imprecisions. Please refer to the prospectus published by the Issuer Alps Blockchain SpA for complete and accurate information.