Carmila: 500 million bond issue completed
The issue's 5.5% coupon (5-year swap rate plus 218 basis points), together with the effect of pre-hedging operations carried out by Carmila, correspond to an average cost of acquisition debt of around 5.3%.
The proceeds of the issue will finance the acquisition of Galimmo, expected to be completed in summer 2024. Its cash position will also enable Carmila to cover the repayment of the bond issue maturing in September 2024.
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