(Finance) – Amcoa company participated by the Ministry of Economy and Finance and primary operator in the management of deteriorated credits, has successfully placed an obligation Senior Usecured at 5 years expiring April 2, 2030, for a nominal amount of 600 million euros.
The new bond issue has been announced at the same time as aLiability Management operation The Senior Usecured of AMCO obligation is concerned with expiry of 17 July 2027, with the aim of lengthening the profile of the debt deadlines. The offer period will end on April 1, 2025.
The new 5 -year obligation has one Fixed annual coupon of 3.25% and an emission price of 99.447%. The titles will be listed on the Luxembourg stock exchange.
The new issue has an implicit prize of 45 basis points on the reference BTP. With a strong demand by investors for over 1.6 billion euros (oversubscription equal to 2.6 times Compared to the offer), the final spread was 20 base points lower than the initial price indications. Non -domestic investors have signed over half of the issue, with an excellent participation of European and UK investment funds.
Crédit Agricole, Deutsche Bank, Goldman Sachs, Mediobanca, Santander And Unicredit they acted as Joint Lead Managers.