(Telestock) – Emilian Credit announces today, following the authorization granted by the Single Resolution Board, its intention to exercise the voluntary early redemption option in relation to its €500,000,000 Senior Non-Preferred Notes, of which €337,961,000 are currently outstanding following the repurchase of €162,039,000 by the Issuer in the Public Tender Offer completed in September 2023, and to redeem all of its outstanding Notes on the relevant purchase date (October 25, 2024).
For the benefit of bondholders, Credito Emiliano will therefore issue the relevant formal communications in accordance with applicable laws and regulations and the terms and conditions governing the issue, as stated in a note.
The early repayment of the bonds will take place at par, together with any accrued and unpaid interest.