Davide Campari-Milano N.V. successfully placed €550 million unrated bond issue on the Euro market
(WorldNews Netherlands)

Davide Campari-Milano N.V. successfully placed €550 million unrated bond issue on the Euro market The bond issue, for a notional amount of €550 million, has a 7-year maturity and pays a fixed annual coupon of 1.25%. The effective gross yield to maturity is 1.2860%. The issue price is 99.76% and the spread over the midswap is 165 basis points In a period characterised by global macroeconomic volatility due to the COVID-19 emergency, the response was very positive among international institutional investors, proving the high quality of the Issuer profile As a result of the strong interest from investors, with total orders raised of approx. €2.1 billion, or an oversubscription of above 4 times,...