17 May 2016 17:37

IGD SIIQ SpA announces its intention to issue a bond

The Board of Directors of Immobiliare Grande Distribuzione SIIQ S.p.A. (the “Company”), which met today, resolved to issue one or more unsecured and non-convertible bonds reserved to qualified investors, for a maximum total amount of Euro 400,000,000.00 with maturity within 7 year, to be issued by March 31 2017.

In relation to such issue, IGD is completing the activities with a rating agency of international standing in order to obtain a public rating.

The issue will be aimed at partially refinancing the existing debt, as well as to pursue general corporate purposes, including the financing of possible investments made in the future by the Company.