Factoring bank issues convertible bond


Italian factoring bank Banca IFIS is to launch a convertible bond issue of up to Ђ50m. The issue price of each bond will Ђ12.50 euros, with an equal price for their conversion to shares.

Banca IFIS will sell 40 per cent of the issue to retail investors and 60 per cent to professional investors.

Source: La Stampa



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Posted on Jun 16, 2004
Region: Italy