Beni Stabili placing equity-linked bond, buying back convertible
MILAN Oct 8 (Reuters) - Italian real estate company Beni Stabili said on Tuesday it had launched the placement of equity-linked bonds for an initial principal amount of 230 million euros ($312 million).
The issue may be increased to up to 270 million euros if two options are exercised, it said in a statement.
The company has also launched a reverse book building to repurchase its outstanding 225 million-euro convertible bond due in 2015, it said.
($1 = 0.7368 euros) (Reporting by Danilo Masoni; Editing by Mark Potter)
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