Chinese-owned Inter offer 300m bonds
Inter Milan were valued at 495 million euro
Milan - AFP
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
- Thursday ,21 December GMT 10:41 2017 China Pakistan Economic Corridor speedily turning into reality: Ahsan Iqbal
- Thursday ,21 December GMT 10:40 2017 Eni and Shell to stand trial in Italy over Nigeria kickback scandal
GMT 11:59 2017 Sunday ,31 December
China temporarily waives taxes to get foreign firms to stayGMT 09:13 2017 Wednesday ,27 December
Israel to halt trade in cryptocurrency-based firmsGMT 10:43 2017 Thursday ,21 December
American Ambassador David Hale meets trade leadersGMT 10:41 2017 Thursday ,21 December
China Pakistan Economic Corridor speedily turning into reality: Ahsan IqbalGMT 10:40 2017 Thursday ,21 December
Eni and Shell to stand trial in Italy over Nigeria kickback scandalGMT 11:48 2017 Tuesday ,19 December
Japan raids firms over alleged maglev bid-riggingGMT 05:36 2017 Monday ,18 December
UBS boss says bitcoins 'not money', urges regulators to actGMT 06:29 2017 Sunday ,17 December
Britain, China speed up bid to link stock markets
In The Swiss Alps
Five things to know about Davos
Davos - Muslimchronicle
With the World Economic Forum kicking off in earnest on Tuesday, AFP presents a guide to the week-long event in the Swiss Alps. - WHAT IS ‘DAVOS‘? - Davos is shorthand forfighting hate speech
Instagram, Google+ join EU group
Brussels - Muslimchronicle
Facebook's Instagram and the Google+ social network have agreed to join an EU-sponsored group of US internet giants to combat online extremism, EU officials said Friday. EU officials added that
At Sports Court
Russians challenge doping ban
Geneva - Muslimchronicle
Dozens of Russian athletes banned by the International Olympic Committee for life over doping began an appeal against their suspension on Monday at the world's top sports court. The week-long hearing at the Court of Arbitration for Sport (CAS) includesIn New Aid For War-Torn Yemen
Saudi-led coalition announces $1.5bn
Sanaa - Muslimchronicle
The Saudi-led coalition fighting in Yemen has pledged $1.5bn (£1.1bn) in new humanitarian aid for the country. It will also increase the capacities of Yemeni ports to receive aid and cargo shipments, and set up 17 "safe-passage corridors" for humanitarian groups. ThreeParis show pays homage
To 'eternal style' of late Alaia
Paris - Muslimchronicle
Two months after legendary designer Azzedine Alaia's sudden death plunged the fashion world into mourning, an exhibition in homage to the "King of Cling" opened Monday in his studios in Paris. The Tunisian-born designer, renowned for the way his clothes hugged the body, died suddenly in November aged 82, reportedly of heart failure after falling down the stairs at his home. The diminutive maverick, who ignored fashion week convention by showing when and where he wanted, in July produced his first couture collection in six years to rapturous reviews. Now some of his most iconic dresses are going on display in the glass-roofed gallery next to his studio and home in the Marais district where he used to show his creations. It includes the dress worn by supermodel Naomi Campbell, his longtime friend and muse, when she led his
GMT 23:43 2017 Monday ,09 October
Philippines says policy trumps popularity after President Rodrigo Duterte's ratings dip
GMT 01:13 2014 Wednesday ,22 January
South Korea to invest 1.6tr won in building 5G network
GMT 15:43 2017 Wednesday ,04 October
Women in developed countries more educated than men, but still earn less — OECD
GMT 09:16 2017 Saturday ,02 September
Emirati women play a crucial role in driving UAE’s economic and social progress
GMT 09:15 2017 Thursday ,26 October
Trump congratulates Xi after Chinese leader tightens grip
GMT 06:40 2017 Monday ,24 April
Khartoum's Legislative Council reviews performances of its committees
GMT 04:51 2017 Sunday ,09 April
Unified medical records database to go live on Friday
GMT 11:05 2017 Tuesday ,05 September
Soldiers among four neo-Nazi terror suspects arrested in UK
GMT 09:29 2017 Wednesday ,27 September
Energy from water evaporation? Maybe
GMT 20:10 2017 Tuesday ,10 October
Yemen’s Houthi militias targeted a school in Jazan
GMT 10:07 2016 Thursday ,13 October
As bloc beset by economic woes
GMT 18:51 2017 Monday ,30 January
85 patients evacuated, 3 injured in Taif hospital fire
GMT 04:13 2017 Sunday ,23 April
Trump to host Palestinian president Abbas on May 3
GMT 13:59 2017 Friday ,01 December
Pakistan condemns missile attack on Saudi Arabia by anti-gov't forces in Yemen
GMT 11:39 2015 Sunday ,22 November
Germany open season with team success
GMT 13:37 2016 Monday ,18 April
Daesh income fell 30% after territory loss
GMT 14:00 2017 Wednesday ,22 March
CBSE revamps exam, assessment format for Classes 6 to 9
GMT 16:54 2016 Friday ,12 February
Expects market supply to 'stabilise'
GMT 16:52 2016 Monday ,01 August
Beijing warns ahead of Typhoon Nida
GMT 12:48 2017 Friday ,09 June
International confidence to boost capital inflow
GMT 11:29 2017 Sunday ,10 September
Balotelli double helps Nice thrash Monaco
GMT 20:52 2017 Sunday ,10 September
Saudi King Salman receives Russian Foreign Minister Sergei Lavrov
GMT 03:56 2017 Monday ,21 August
Dubai Customs organises awareness "Drive Safe" Campaign
GMT 04:47 2017 Sunday ,09 April
2 leaking heart valves of 72-year-old woman replaced in minimally invasive procedure
GMT 06:39 2016 Monday ,30 May
Rainfall to linger in south China
GMT 07:18 2017 Monday ,03 April
VP gives directive for providing services to people of Northern State
GMT 18:34 2016 Monday ,19 September
Hadi moves central bank
GMT 06:25 2017 Wednesday ,08 February
Argentina, Brazil presidents to talk trade
Maintained and developed by Arabs Today Group SAL.
All rights reserved to Arab Today Media Group 2023 ©
Maintained and developed by Arabs Today Group SAL.
All rights reserved to Arab Today Media Group 2023 ©
