(Finance) – The Board of Directors of Coflea leading company in the design, production and worldwide marketing of command systems and control cables for the off-road vehicles, automotive and after market automotive sectors, which met today in a notarial session, resolved the issue, in the context of a broader structured loan operation in the form of a so-called “basket bond”, of a non-convertible bond loan, for a nominal amount of Euro 5 million and a duration of 6 years, which will be subscribed by a securitization vehicle which in its volta will be financed by issuing asset backed securities aimed at major qualified investors.
Through this tool – explains a note – the company will have the opportunity to find financial resources with a long-term time horizon, with competitive economic conditions to support investments and initiatives for the growth of the Company.