Milan, Sept. 26 (LaPresse) – Juventus announces that it has successfully completed the issuance of a non-convertible bond with a maturity of twelve years, for an amount of €150 million. The issue price, according to a company statement, is equal to 100% of the nominal amount of the bonds, and the fixed interest rate is 4.15% per annum. Coupon payments are made semi-annually in arrears, and redemption will be in equal installments after a two-year grace period. The loan, which provides for collateral, covenants, and early repayment options in line with market practices, has been assigned a private investment grade rating by a leading international rating agency, confirming the company's creditworthiness, the Turin-based company points out. The issue, which took place under conditions that attest to the company's standing and prospects, aims to better balance the structure of financial debt, increasing both its average duration and the fixed-rate portion, as well as to reduce its average cost in the future. The repayment terms are consistent with expectations of a gradual reduction in financial debt in the medium to long term. The loan, Juventus notes, was fully subscribed by funds managed by PGIM, one of the leading global asset managers with experience in public and private markets and a proven track record of investment in Italy and in the sports sector internationally.
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