Immobiliare announces partial redemption of fixed-rate step-up notes

Chicago, April 24 – Immobiliare Grande Distribuzione SIIQ SpA announced an upcoming partial redemption for its €310,006,000 of outstanding fixed-rate step-up notes due May 17, 2027 (ISIN: XS2717313946), according to a notice.

Based on the condition for a mandatory redemption following an asset sale, the company will redeem €90 million of the notes at 101.5, with interest to the redemption date.

The company will pay €91.35 million plus €2,461,250 in interest for the redemption.

The redemption date is May 16.

Immobiliare Grande is a Ravenna, Italy-based real estate company.

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