Estra Spa 2.45% 11/2023 – Partial repurchase

On 14 April 2022, Estra S.p.A. completed the placement of a €80 million bond. The bond, which will have a term of five years, pays an annual coupon of 3.05% and will be repaid at par in a single payment at maturity. The bond, placed exclusively with leading institutional investors, has been admitted to listing on the regulated market managed by Euronext Dublin.
Concurrently with the issue of the bond, Estra S.p.A. made a partial repurchase, at a price of 100.53% of the nominal value, of €30 million of the bond denominated “E.S.TR.A. S.p.A. Euro 80.000.000, 2,45 per cent. Guaranteed Notes due 2023”. The unsecured and non-convertible bond of an original nominal value of €80 million was issued on 28 November 2016, subscribed by institutional investors and listed on the market regulated by Euronext Dublin.
On 2 March 2018, Estra S.p.A. had repurchased bonds of the same bond loan for a nominal value of €30 million.
Following the repurchase of 14 April 2022, the total amount of the bonds outstanding is currently equal to a nominal value of €20 million, representing 25% of the total nominal amount of the bonds originally issued.