(Finance) – The Board of Directors of Carraro Financefinancial arm of the multinational machinery for agriculture and transmission systems, approved theemission of a senior unsecured unified and non -convertible bond loan. The bonds will be offered to the indistinct public in Luxembourg and Italy.
The bond loan will be offered to subscribe for a maximum amount equal to 300 million euros. The bonds are expected that 100% of their nominal value will be issued, with a minimum cut equal to 1,000 euros and with a duration of five years starting from the date of issue. The possibility of early reimbursement is provided in certain circumstances. The interest rate will be fixed and will be determined on the basis of the market conditions and the interest manifested by investors in the imminence of the start of the operation e will not be less than 4.75% on an annual basis.
The proceeds will be used for finish existing debt and for general corporate purposes.
Bonds are expected to be admitted to the listing and negotiation on the regulated market of the Luxembourg bag (Luxembourg Stock Exchange) as well as on the electronic market of the bonds organized and managed by Italian stock exchange (Mot). As part of the bond issue, Equita sim It will act as a placement agent and operator in charge of placing the sales bond proposals on the MOT.
It is expected that, subject to obtaining the prescribed authorizations and compatibly with market conditions, the offer of the bond loan has Start in the second week of April 2025 and the issue takes place before the end of April 2025.