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Beni Stabili closes €300M issuance of 1.625% senior bonds

Beni Stabili SpA SIIQ issued and settled €300 million of 1.625% senior unsecured bonds due 2024.

The notes were priced at a 115-basis-point spread over the reference swap rate.

The company said earlier that it will use the net proceeds to refinance existing debt and for general corporate purposes.

Banca IMI SpA, BNP Paribas, Crédit Agricole Corporate and Investment Bank, Société Générale Corporate & Investment Banking and UniCredit Bank AG were the joint lead managers.