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 14:48 2016 Wednesday ,21 December
Foreign Secretary discusses foreign policy priorities and trade
GMT 08:06 2017 Friday ,29 December
Nintendo eyes 20 mn Switch sales
GMT 01:05 2017 Friday ,27 October
Gov't prioritizes developing hospitals, medical services
GMT 12:50 2018 Tuesday ,11 December
India plans to pull out of $500 million missile deal with Israel
GMT 10:45 2018 Thursday ,15 November
Major genes-focused testing for Aussies points to better treatment of rare cancers
GMT 23:47 2017 Thursday ,21 September
Etihad Airways becomes first airline in region to offer automated credit
GMT 01:55 2017 Friday ,29 September
Putin says draft UN resolution to sanction Syria 'inappropriate'
GMT 22:09 2017 Monday ,25 September
Saudi Arabia through the eyes of a high-profile expat
GMT 05:37 2016 Thursday ,27 October
Football: Liverpool Beat Spurs 2-1, Sturridge Brace
GMT 12:33 2017 Wednesday ,22 March
'Nice guy' Bottas in hot seat alongside Hamilton
GMT 20:35 2017 Wednesday ,03 May
10 dead, 9 others hurt in Mali army convoy ambush
GMT 01:39 2017 Friday ,27 October
Oct24/Nov22
GMT 16:06 2016 Sunday ,31 July
Q7 is our best-selling model in region
GMT 17:57 2018 Friday ,28 September
Facebook says security flaw affected 50 million accounts
GMT 07:51 2016 Wednesday ,13 April
Volvo Ocean Race sets sail for Hong Kong
GMT 02:17 2017 Tuesday ,21 February
Bangladesh reels from new deadly attack at start of Eid
GMT 15:03 2018 Thursday ,18 January
General Motors continues to lead the discussion on smart, clean
GMT 17:11 2016 Friday ,30 September
Indian worker’s suicide in Qatar raises concern over stranded migrants
GMT 22:32 2017 Tuesday ,04 July
SAR helicopter reportedly crashes in Temanggung
GMT 06:53 2017 Thursday ,07 December
Turks protest Trump Jerusalem move outside US consulate
GMT 11:38 2017 Wednesday ,15 March
Loss-hit Toshiba nosedives on fears about future
GMT 12:36 2017 Tuesday ,24 October
Ben Simmons hits triple double in 76ers' NBA win
GMT 05:05 2017 Wednesday ,26 July
Cate Blanchett on being Marvel’s first female villain
GMT 01:10 2017 Sunday ,19 February
Bahrain accuses UN body of politicisation
GMT 21:28 2017 Monday ,08 May
National Press Organization to convene Monday
GMT 16:01 2017 Monday ,13 March
Facebook search traps Italian mobster in Mexico
GMT 14:40 2017 Monday ,17 July
Kinda Aloush reveals reason behind her absence
GMT 17:08 2017 Friday ,05 May
Moderate, spring weather forecast over weekend
Maintained and developed by Arabs Today Group SAL.
All rights reserved to Arab Today Media Group 2025 ©
Maintained and developed by Arabs Today Group SAL.
All rights reserved to Arab Today Media Group 2025 ©
Send your comments
Your comment as a visitor