During the summer break, market participants give a boost again to private debt transactions with a short stop just in mid-August., while NPLs market actually took a real Summer break with no new deals announced.
Ricci, an Italian construction company, is placing a Milan-listed minibond worth 4 million of euros due to mature in 2022 with a 5% coupon (see here a previous post by BeBeez). The company will invest the proceeds of such issuance in its organic growth. Rome-based Ricci has revenues of 20.8 million, an ebitda of 1.8 million, net financial debt of 9.5 million. Founders Mario and Tullio Ricci equally own the business to whom Cerved gave a B2.1.
On 10 August, Polomarconi, an Italian telecommunication company, listed a short-term minibond on Milan stock market (see here a previous post by BeBeez). The liability is worth 0.45 million, pays a 4.1% coupon and is due to mature in May 2019. Polomarconi will issue further liabilities worth up to 3 million until it releases its results for 2018. Domenico Zanini and Fiorella Conati are the controlling shareholders of Polomarconi which has revenues of 10.1 million, an ebitda of 1.9 million and net financial debt of 0.76 million.
Italy’s Duetti Packaging issued on 8 August a 0.1 million worth minibond listed on Milan stock market (see here a previous post by BeBeez). This 4.5% coupon liability will support the company’s working capital and mature in May 2019. Duetti will issue further revolving minibonds worth up to 1.5 million until it releases its results for 2018. Paolo Pivato, Fabio Moretti, andElisabetta Migliorini are the controlling shareholders of the company that has revenues of 13.8 million, an ebitda of 0.6 million, and net financial debt of di 1.6 million.
Tratter Engineering, a producer of plastic components for automotive, issued a minibond worth 4 million of euros (see here aprevious post by BeBeez). Fondo Strategico Trentino-Alto Adige subscribed 80% of this 3% coupon liability due to mature in December 2024. Gerhard Tratter, the company’s chairman, said that the proceeds of this issuance will support the company’s organic growth. Tratter Engineering belongs to the eponymous family and generates abroad 90% of its sales of 31 million.
Giglio.com, an Italian e-retailer of luxury fashion products, listed on Milan ExtraMot Pro a minibond of 2 million of euros thatZenit subscribed (see here a previous post by BeBeez). This bond will mature in August 2024, pay a 6.25% coupon, and support the company’s organic growth. Giuseppe, Federico, and Michele Giglio are the controlling shareholders of the company that has sales of 9.3 million of euros, an ebitda of 0.088 million and net financial debt of 0.18 million.
