Régions launched today an offering of bonds redeemable in cash and / or New Shares and / or existing (Convertible Bonds) maturing on 1 January 2017 and a nominal amount of approximately 480 million euros, which may be increased to a maximum nominal amount of approximately EUR 550 million if fully exercised the extension clause.
In a statement, Régions explains that the proceeds of the Bonds will allow it to diversify its funding sources and lengthen the maturity of the debt.
"It will be used primarily to refinance existing credit lines and, residually, to fund the general needs of society, " the statement added.
Delfin, holding at the date of the Prospectus, 28.9% of the share capital of the Company, has announced its intention to participate in this program within the priority period up to its entire share capital of the Company, in the limit, in any event, a maximum subscription of 150 million euros.
In a statement, Régions explains that the proceeds of the Bonds will allow it to diversify its funding sources and lengthen the maturity of the debt.
"It will be used primarily to refinance existing credit lines and, residually, to fund the general needs of society, " the statement added.
Delfin, holding at the date of the Prospectus, 28.9% of the share capital of the Company, has announced its intention to participate in this program within the priority period up to its entire share capital of the Company, in the limit, in any event, a maximum subscription of 150 million euros.