Chinese-owned Inter offer 300m bonds
Inter Milan on Monday officially announced the issuing of secured bonds worth 300 million euros
Milan - Arab Today
Italian Serie A giants Inter Milan on Monday officially announced the issuing of secured bonds worth 300 million euros ($353 million), maturing in 2022.
The former three-time European champions released a statement via its media administrator, Inter Media and Communication (IMC), confirming the bond offer.
IMC said that the proceeds will be used to repay the club's existing debts.
Zhang Jindong, whose Suning Group bankrolls Inter Milan, paid nearly 270 million euro ($318 million) for the northern Italian side in June 2016.
The 18-time Serie A champions took out a 230 million euro loan from Goldman Sachs in 2014 through former majority shareholder Erick Thohir, before he sold nearly 70 per cent of the club to Chinese conglomerate Suning Group.
IMC added that Goldman Sachs will be the global coordinator and bookrunner of the offer, with UBI Banca co-managing.
Inter were valued at 495 million euro ($537 million) by business magazine Forbes in June this year.
Source:AFP
- Sunday ,02 December GMT 14:02 2018 RDIF says $2 billion will be invested in Russian economy from joint Russian-Saudi fund
- Wednesday ,21 November GMT 07:59 2018 Merkel policies in focus in final debate on draft German budget
GMT 14:02 2018 Sunday ,02 December
RDIF says $2 billion will be invested in Russian economy from joint Russian-Saudi fundGMT 12:03 2018 Friday ,30 November
Canada on track to sign new free trade deal with US and MexicoGMT 07:59 2018 Wednesday ,21 November
Merkel policies in focus in final debate on draft German budgetGMT 16:57 2018 Wednesday ,31 October
Putin to discuss relations development prospectsGMT 16:04 2018 Monday ,29 October
Russian, Cuban presidents to discuss strategic partnershipGMT 12:57 2018 Saturday ,27 October
"Undeclared war" forces Russia to boost defense spendingGMT 15:45 2018 Friday ,26 October
Medvedev to represent Russia at upcoming APEC summitGMT 14:12 2018 Thursday ,25 October
Saudi Arabia plans to invest in Russian-Chinese Fund soon
Economic conference on investment opportunities in Syria kicks off
Bucharest - SANA
With the participation of 120 representatives of Romanian companies, Chambers of Commerce and industry, An economic conference on “Reconstruction in Syria between the development of economic steadfastness and the opportunities ofRussia tests new telemetry system during manned Soyuz MS-11 spacecraft’s launch
Moscow - TASS
The Astra-06 apparatus developed by specialists of Russian Space Systems (RSS) was used for the first time as additional telemetric equipment aboard the manned Soyuz MS-11 spacecraft launched from the Baikonur CosmodromeLiverpool, Manchester City seek neighbours' help in title chase
London - DPA
Liverpool and Manchester City will be looking for a little help from their not-so-friendly neighbours this weekend. The Premier League front-runners face each other's local rivals when City host Everton and Liverpool take on Manchester United. Liverpool jumped above City at theBlue light in smartphones linked to blindness and some cancers
Spain - DPA
Ever since we have started to become chained to our smartphones and tablets, people have been saying that the waves coming off these devices must be bad for us. So often laughed off as conspiracy theorists, it now looks more and moreFestive Fashion by Dubai-based designer ASMARAÏA
Dubai - Arab Today
Dubai-based label ASMARAÏA just launched its pre-fall 2019 collection — and it’s all about cruelty-free, sustainable fashion with a festive edge. Checkmate The 15-piece collection features this checkered skirt-and-jacket ensemble that is giving us major “Clueless” vibes. Gold Rush ‘Tis the season to sparkle and this dazzling, floor-length gold skirt will do the trick. Take note of the chic black bow detail at the waist — it’s the ultimate party look. Feathered fashion The brand works with environmentally-friendly materials such as organic cotton, recycled polyester and faux fur, so you can be sure this feathered look doesn’t come at the cost of an animal’s life. Jewel Tones If you want to glisten like a polished jewel at your next festive function, this emerald-colored skirt is the perfect choice with its sequin details and shimmery overlay. Golden Girl Leopard print
GMT 04:44 2017 Thursday ,26 October
Asian markets muted after Wall Street retreat
GMT 10:28 2017 Monday ,17 April
HH the Emir Sheikh Tamim bin Hamad Leaves Addis Ababa
GMT 23:49 2017 Friday ,14 April
Foodies queue up for insect-topped noodles in Tokyo
GMT 09:45 2016 Friday ,16 December
Photographer who captured the pulse of Ajman faces bleak future
GMT 09:20 2016 Friday ,25 November
Tanzania perfect destination for a honeymoon special
GMT 08:33 2017 Sunday ,12 March
300 families of ISIS fighters flee Syria’s Raqqa as rivals encircle city
GMT 12:45 2016 Tuesday ,16 August
'Turkish James Bond' to take in new film
GMT 05:25 2017 Wednesday ,17 May
Brazil economy expected to show exit from recession
GMT 08:55 2017 Tuesday ,25 April
Investigation with Maria Maalouf on 24 April
GMT 17:41 2017 Wednesday ,02 August
Jordanian parliament abolishes controversial Article 308
GMT 05:53 2017 Friday ,03 March
Dubai Canvas 3D Art Festival 2017 begins
GMT 08:33 2017 Wednesday ,08 February
Zero Tolerance to Female Genital Mutilation
GMT 08:16 2017 Saturday ,03 June
Singer Saad Lamjarred confident of his innocence
GMT 03:52 2017 Sunday ,09 April
Hypermarket chain ties up with ministry to promote organic farming
GMT 23:06 2016 Sunday ,23 October
Arab League warns Israel of continuation to violate int'l law
GMT 09:21 2017 Thursday ,12 October
Gulf rivals trade barbs over 2022 World Cup in Qatar
GMT 13:34 2017 Thursday ,08 June
Less risk weighing on eurozone growth: Draghi
GMT 20:30 2017 Sunday ,04 June
27 dead in heavy fighting as army closes in on Taiz palace
GMT 11:30 2017 Tuesday ,21 November
Russia denies nuclear accident after radioactive pollution detected
GMT 13:23 2018 Thursday ,13 December
Philippine central bank holds overnight borrowing rate steady
GMT 11:33 2018 Tuesday ,11 December
Top EU court backs legality of ECB bond buying
GMT 12:19 2018 Sunday ,07 October
Israel closes many roads in SalfitGMT 22:57 2012 Monday ,09 April
Karima Kamal: Copts’ Personal Status Law
GMT 16:42 2014 Monday ,06 January
North Korea new ski resort set to open
GMT 11:07 2018 Monday ,22 January
Fuel Your Fitness Habit
GMT 00:51 2018 Friday ,12 January
Crown Prince chairs meeting of the Supreme Commission for The Royal Fund
GMT 02:09 2017 Tuesday ,26 December
Journalist and judge clash in Turkey
GMT 15:08 2017 Monday ,20 February
More Than 160,000 Protesters Calling For More Refugees in Spain
Maintained and developed by Arabs Today Group SAL.
All rights reserved to Arab Today Media Group 2021 ©
Maintained and developed by Arabs Today Group SAL.
All rights reserved to Arab Today Media Group 2021 ©
Send your comments
Your comment as a visitor