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General

Tiscali confirms subscription of EUR 17 mln bond

Thursday 8 September 2016 | 10:38 CET | News
Italian operator Tiscali has announced that Rigensis Bank AS and Otkritie Capital International Limited each subscribed to 17 convertible bonds with a nominal value of EUR 500,000 each, for a total of EUR 17 million. The convertible bond issue was approved by shareholders on 05 September and will have a duration of four years and a fixed price of EUR 0.06 per share for conversion into ordinary shares. A further EUR 1.5 million will be placed with qualified investors before January 2017, added the operator in a statement.

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Categories: General
Companies: Tiscali
Countries: Italy
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