Tamburi Investment Partners S p A : TIP BONDS 2024 2029 Notice on interest rate, yield and early redemption prices at the option of the company
June 10, 2024 at 04:18 pm
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Tamburi Investment Partners S p A : TIP BONDS 2024 2029 Notice on interest rate, yield and early redemption prices at the option of the company
www.marketscreener.com10/06/2024
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Tamburi Investment Partners S.p.A. ("Company" or "TIP" - tip.mi), independent and diversified industrial group listed on the Euronext STAR Milan segment of Borsa Italiana S.p.A. which invests in excellent entrepreneurial companies, following the press release of 29 May 2024 and the publication of the prospectus ("Prospectus") relating to the offering and admission to trading of the non convertible, unrated, unsubordinated and unsecured bonds (the "Bonds"), approved by the Central Bank of Ireland (CBI) on 30 May 2024 and subsequently passported into Italy, announces that the Interest Rate of the Bonds will be 4.625% per annum. On the basis of the Interest Rate and taking into account the Issue Price equal to the par value, the Yield of the Bonds will be 4.625% per annum. The Yield indicated in this paragraph is calculated as yield to maturity on the Issue Date of the Bonds and is not an indication of the future yield.
The Early Redemption Prices will be 102.313% of the face value for the period from 21 June 2026 and 20 June 2027 (included), 101.156% of the face value for the period from 21 June 2027 and 20 June 2028 (included) and 100% of the face value for the period from 21 June 2028 and 20 June 2029 (included).
The Company recalls that the Offering is scheduled to commence on 11 June 2024 at 09:00 (CET) and will expire on 17 June 2024 at 17:30 (CET) ("Offering Period"), subject to amendment, extension or early closure decided by the Company, Equita SIM S.p.A, acting as Placement Agent, and Banca Akros S.p.A., acting as Joint Bookrunner. Any such amendment, extension or early closure will be communicated with a specific notice.
The Company also recalls that the proceeds of the Bonds are expected to be used for general corporate purposes. Subject to the successful completion of such new issue and to market conditions, the Company intents to proceed with the early redemption of its outstanding "€300,000,000 2.500 percent Bonds due 5 December 2024" (ISIN: XS2088650051).
Additional information, including those regarding the aggregate principal amount of the Bonds, the number of Bonds sold and the proceeds of the Offering will be disclosed through specific notice, no later than the second business day prior to the Issue Date.
Further information concerning the Bonds are available in the Prospectus published on the Company website (https://www.tipspa.it/en) and on Euronext Dublin website (https:live.euronext.com/).
idmedia: 180862
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Basic Net SpA is an Italy-based company engaged in the retail industry. Basic Net SpA is a parent of the BasicNet Group and together with its subsidiaries focuses on distribution and development of branded leisurewear, sportswear, footwear and accessories under various trademarks, including Kappa, Robe di Kappa, Jesus Jeans, K-Way, Superga, Briko, Sebago and Sabelt. The Group reports three segments: License and brand management, which involves the management of overseas licensees and sourcing centers by such Group companies as BasicNet S.p.A., Basic Properties B.V., among others; Proprietary licensee, which involves the direct management of the sales channels, both in terms of sales to retail and consumers, through BasicItalia S.p.A. (proprietary licensee) and its subsidiary BasicRetail S.r.l; and Property management, which involves the management of the building at Turin, Largo Maurizio Vitale 1.
BASICNET S.P.A. 
