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Beni Stabili to sell 250 mln euros bond through private placement
March 24, 2014 / 7:31 AM / in 4 years

Beni Stabili to sell 250 mln euros bond through private placement

MILAN, March 24 (Reuters) - Italian real estate group Beni Stabili said on Monday it would sell senior unsecured bonds worth 250 million euros ($344.6 million) through a private placement.

The bonds, with a five-year maturity and a coupon of 3.5 percent, will be used to refinance existing debt and for other corporate purposes, the company said in a statement. ($1 = 0.7256 Euros) (Reporting by Francesca Landini; editing by Agnieszka Flak)

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