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 08:25 2018 Wednesday ,12 December
Australian government discusses moving Israel embassy to Jerusalem
GMT 23:45 2017 Tuesday ,17 October
Kerry calls for Syrian, Arab ground troops against IS
GMT 03:31 2017 Wednesday ,05 July
Egypt court acquits police as Morsi goes back on trial
GMT 08:06 2017 Friday ,22 December
Shipyards play important role in economic turnaround of nations: Qayyum
GMT 03:38 2017 Wednesday ,22 March
Somalia's new president names 26-minister cabinet
GMT 19:39 2017 Wednesday ,18 October
Gatland eyes New Zealand rugby jobs after Wales
GMT 12:08 2017 Saturday ,16 September
Dutch 360-degree beachfront painting gets public facelift
GMT 05:16 2016 Wednesday ,15 June
Scientists use underwater robots
GMT 02:41 2017 Sunday ,16 April
Pentagon confirms DPRK missile launch failsGMT 18:00 2011 Thursday ,12 May
Attack on Celtic manager sparks inquiry
GMT 03:22 2017 Monday ,01 May
Oman's State Council approves GCC Trade Marks draft law
GMT 10:40 2017 Saturday ,30 September
Trump says to decide Fed chair in 2, 3 weeks
GMT 01:10 2017 Monday ,10 July
Islamic social media to be launched by year end
GMT 13:17 2016 Monday ,08 February
Russia shuts down 2 more banks
GMT 07:19 2017 Sunday ,31 December
Nepal bans solo climbers from Everest
GMT 10:48 2014 Saturday ,22 March
Parata launches new digital education portal
GMT 17:47 2017 Tuesday ,18 April
Saudi Shoura member in favor of women drivingGMT 19:07 2011 Tuesday ,19 April
Electric cars: night-time charging better
GMT 19:48 2017 Wednesday ,01 March
5 facebook accounts closed over provocative posts
GMT 22:42 2017 Sunday ,08 January
UAE’s first nuclear plant is 75 per cent complete
GMT 07:20 2016 Thursday ,21 April
Australian TV crew fly home after Beirut kidnap deal
GMT 11:11 2017 Friday ,25 August
Bahrain-Korea ties praised
GMT 09:04 2017 Thursday ,23 March
Qatari Chief Justice Meets Turkish Official
GMT 04:43 2017 Tuesday ,04 April
‘Baby’ beats ‘Beauty’ in box-office battle
GMT 06:33 2017 Monday ,20 February
Participates in a workshop on Babylon
GMT 13:43 2017 Monday ,01 May
Survivor of Oman bus crash recalls ordeal
GMT 13:22 2017 Thursday ,16 March
Two Russian spies indicted in massive Yahoo hack
GMT 07:49 2017 Sunday ,03 December
Geoffrey Rush quits industry job after 'inappropriate behaviour'
Maintained and developed by Arabs Today Group SAL.
All rights reserved to Arab Today Media Group 2021 ©
Maintained and developed by Arabs Today Group SAL.
All rights reserved to Arab Today Media Group 2021 ©
Send your comments
Your comment as a visitor