Inter Has Officially Closed A €415M Bond With A Rate Of 6.75% | OneFootball
Inter Has Officially Closed A €415M Bond With A Rate Of 6.75%
Inter has officially announced that it has priced a bond of €415 million which will be placed on the Luxembourg Stock Exchange, according to a press release from the club.
As has been reported by the club’s official website, Inter has successfully priced a €415 million bond which will have a rate of 6.75% and will be placed on the Luxembourg Stock Exchange subject to being approved.
The proceeds of this bond are expected to be used by Inter to repay existing debts that the club has that must be settled by the end of 2022.
Inter owners Suning have been running the financial side of the club very carefully in the past year since it became clear that the coronavirus pandemic had had a very serious effect on the club.
The club has so far done an excellent job of securing lucrative sponsorship contracts in Asia and Europe that boos the revenue coming into the company.
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