Laser machinery maker Prima Industrie places EUR 40m seven-year bond

Italy's laser machinery maker Prima Industrie (BIT:PRI) said it placed on Friday a non-convertible EUR-40-million (USD 45.3m) bond with qualified investors.

On January 13, 2015, the board of directors of the company approved the issue of senior non-convertible fixed-rate bonds of up to EUR 40 million by June 30, 2015.

The bonds have a minimum denomination of EUR 200,000 and pay a semi-annual fixed coupon of 5.875% per year, Prima Industrie said on Friday. The bonds will be redeemed on February 6, 2022.

Prima Industrie has requested the bonds to be listed on the Luxembourg Stock Exchange.

The bonds will help the company diversify its financing sources by replacing part of its medium-long term debt due in 2016.

UniCredit Bank AG acted as Bookrunner of the transaction, Prima Industrie said.

(EUR 1 = USD 1.133)

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