(Alliance News) - Nexi Spa announced that it has successfully completed the placement of a EUR750 million senior unsecured bond with a six-year maturity, as part of its new EUR4 billion EMTN program approved at the end of February.
The issue, which was exclusively for institutional investors, attracted strong interest, with orders totaling approximately EUR3.5 billion, almost five times the amount offered. The securities will be listed on the Luxembourg Stock Exchange and the MOT of Borsa Italiana.
The bond pays an annual coupon of 3.875% and has an effective yield of 3.896%, equivalent to a spread of 150 basis points above the mid-swap rate. The settlement date is set for May 21, with maturity on May 21, 2031. The issue price is 99.9% of the nominal value.
The transaction was managed by BNP Paribas, BofA Securities, Crédit Agricole CIB, Intesa Sanpaolo, Mediobanca, and UniCredit as joint active bookrunners, with the support of Deutsche Bank, ING Bank, MUFG Securities, and SMBC Bank as co-bookrunners.
By Giuseppe Fabio Ciccomascolo, Alliance News senior reporter
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