SOL S.p.A. announced a private placement of non-convertible bonds for proceeds of €75 million on February 17, 2022. The transaction will include participation from The Prudential Insurance Company of America, Prudential Legacy Insurance Company of New Jersey, Prudential Term Reinsurance Company, Pruco Life Insurance Company and Gibraltar Universal Life Reinsurance Company. The bonds will mature in 20 years and carry a coupon rate of 1.89%.

The transaction has been approved by the board of directors of the company.