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Tiscali issues EUR 15 mln convertible bond

Tuesday 31 July 2018 | 11:16 CET | News
Italian operator Tiscali has announced that it signed a non-binding term sheet with a qualified investor to issue a mandatory convertible bond for EUR 15 million. The bond will be issued in three monthly tranches at a conversion price equal to 95 percent of the average stock exchange price of the fifteen days preceding the conversion request. No interest rate will apply and the bond will mature 1 year after subscription, said Tiscali.

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Categories: Mobile & Wireless
Companies: Fastweb / Tiscali
Countries: Italy
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