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Borgosesia S.p.A. ( (IT:BO) ) has issued an announcement.
Borgosesia has successfully completed the placement of the first tranche of its “Borgosesia 6.30%” bond, fully subscribing €25 million after increasing the size from an initial €15 million due to strong demand from qualified investors. The tranche was oversubscribed, signalling solid market confidence in the company’s business model and its structured finance project “Euclide”; supported by an investment-grade A3- rating and financial covenants, the proceeds will be used to strengthen alternative activities, expand co-investments and optimise the group’s treasury, with the remaining bond capacity available for further placements up to a total of €50 million.
The most recent analyst rating on (IT:BO) stock is a Buy with a EUR2.50 price target. To see the full list of analyst forecasts on Borgosesia S.p.A. stock, see the IT:BO Stock Forecast page.
More about Borgosesia S.p.A.
Borgosesia S.p.A., listed on Euronext Milan, operates in the alternative asset management sector, focusing on special situations such as corporate crises, non-feasible generational transitions and complex family or corporate disputes, with the aim of recovering and enhancing underlying value. The group is structured into two complementary divisions: Borgosesia Real Estate, which develops and enhances the real estate components of investments, and Borgosesia Alternative, which manages the financial aspects and financial engineering of all transactions, including real estate and credit portfolios.
Average Trading Volume: 33,699
Technical Sentiment Signal: Buy
Current Market Cap: €23.16M
See more data about BO stock on TipRanks’ Stock Analysis page.