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Beni Stabili SpA Societa di Investimento Immobiliare Quotata (BNSI.MI)

BNSI.MI on Milan Stock Exchange

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Latest Key Developments (Source: Significant Developments)

Beni Stabili Places Senior Unsecured Notes For EUR 300 Million
Tuesday, 13 Feb 2018 02:28am EST 

Feb 13 (Reuters) - Beni Stabili SpA Societa di Investimento Immobiliare Quotata ::ANNOUNCED ON MONDAY IT HAS SUCCESSFULLY ISSUED AND PLACED THE ISSUE OF SENIOR UNSECURED NOTES FOR EUR 300 MILLION WITH A 10 YEAR MATURITY AND A 2.375% FIXED ANNUAL COUPON.NOTES WERE PRICED AT A SPREAD OF 133 BASIS POINTS OVER THE REFERENCE MID SWAP RATE.NET PROCEEDS OF THE ISSUE OF THE NOTES WILL BE USED BY THE COMPANY TO REFINANCE EXISTING INDEBTEDNESS.THIS MAY INCLUDE INDEBTEDNESS IN CONNECTION WITH THE OUTSTANDING BOND ISSUE “€ 250,000,000 3.50 PER CENT. NOTES DUE 2019”, THROUGH THE EXERCISE OF EARLY REDEMPTION OPTIONS.  Full Article

Beni Stabili To Issue EUR 300 Mln Notes
Monday, 12 Feb 2018 04:18am EST 

Feb 12 (Reuters) - Beni Stabili Spa ::INTENDS TO ISSUE 300 MILLION NOTES DENOMINATED IN EURO WITH A TENOR OF 10 YEARS.  Full Article

Beni Stabili FY Gross Rental Revenues Up At EUR 204.8 Mln
Tuesday, 6 Feb 2018 09:27am EST 

Feb 6 (Reuters) - BENI STABILI ::FY GROSS RENTAL REVENUES EUR 204.8 MILLION VERSUS EUR 199.7 MILLION YEAR AGO.PROPOSES DIVIDEND OF EUR 0.033 PER SHARE.FY NET PROFIT EUR 85.6 MILLION VERSUS EUR 158.8 MILLION YEAR AGO.TARGETS TO ACHIEVE 2018 EPRA EARNINGS IN THE AREA OF €0.04/SHARE.STRATEGIC TARGETS HAVE BEEN RAISED FOR 2022.  Full Article

Beni Stabili: Conversion Of Bonds Into Ordinary Shares To be Suspended
Tuesday, 6 Feb 2018 01:45am EST 

Feb 6 (Reuters) - Beni Stabili ::SAID ON MONDAY TO HOLD BOARD OF DIRECTORS MEETING ON FEB 6.EXERCISE OF OPTION TO CONVERT EUR 200 MLN BONDS DUE 2021 INTO ORDINARY SHARES SHALL BE SUSPENDED FROM FEB.6 UP TO AND ON DATE SET FOR THE SHAREHOLDER’S GENERAL MEETING.  Full Article

Beni Stabili 9-month rental income down at EUR 141.7 million
Tuesday, 24 Oct 2017 11:38am EDT 

Oct 24 (Reuters) - BENI STABILI SPA :SAYS 9-MONTH RENTAL INCOME EUR 141.7 MILLION VERSUS EUR 149.0 MILLION YEAR AGO‍​.  Full Article

Beni Stabili issues 300 mln euro bond due 2024
Tuesday, 17 Oct 2017 11:58am EDT 

Oct 17 (Reuters) - BENI STABILI SPA SIIQ ::ANNOUNCES ISSUE AND SETTLEMENT OF EUR 300 MILLION 1.625 % SENIOR UNSECURED BONDS DUE 2024‍​‍​.‍NOTES WERE PRICED AT A SPREAD OF 115 BASIS POINTS OVER REFERENCE SWAP RATE​.  Full Article

Beni Stabili appoints banks for investor meetings on potential bond issue
Thursday, 28 Sep 2017 04:14am EDT 

Sept 28 (Reuters) - BENI STABILI :APPOINTS BANKS FOR INVESTOR MEETINGS RELATED TO POTENTIAL BOND ISSUE.SAYS WOULD TARGET MINIMUM OF EUR 300 MILLION AND A TENOR BETWEEN 5 AND 7 YEARS.  Full Article

Beni Stabili H1 net profit falls to EUR 40.7 mln
Tuesday, 18 Jul 2017 09:02am EDT 

July 18 (Reuters) - BENI STABILI SPA ::H1 NET PROFIT EUR 40.7 MILLION VERSUS EUR 131.0 MILLION YEAR AGO.H1 GROSS RENTAL REVENUES EUR 101.9 MILLION VERSUS EUR 98.9 MILLION YEAR AGO.2017 RECURRING NET INCOME TARGET AROUND €0.042/SHARE (+5% VERSUS. PREVIOUS GUIDANCE).ALL STRATEGIC GUIDANCE ARE CONFIRMED WITH 2020 OBJECTIVES WELL TO-TRACK TO BE TIMELY ACHIEVED.  Full Article

Beni Stabili to sell to Luxottica Group offices for about EUR 114.5 mln
Tuesday, 27 Jun 2017 11:47am EDT 

June 27 (Reuters) - BENI STABILI SPA ::SIGNS BINDING AGREEMENT TO SELL TO LUXOTTICA GROUP SPA AN ASSET OF 11,705 SQM OF OFFICES LOCATED IN MILAN VIA SAN NICOLAO FOR ABOUT €114.5 M.PRICE FOR ASSET IS ABOVE BOOK VALUE AND IMPLIES A NET EXIT YIELD OF 4.2% BASED ON A RESIDUAL LEASE MATURITY OF ABOUT 4 YEARS.  Full Article

Beni Stabili adjusts conversion price for convertible bonds due 2021
Monday, 29 May 2017 11:21am EDT 

May 29 (Reuters) - BENI STABILI SPA :SAYS CONVERSION PRICE OF BONDS INTO ORDINARY SHARES HAS BEEN MODIFIED FROM € 1.0001 TO € 0.9853 STARTING FROM 29 MAY.SAYS CHANGE OF CONVERSION PRICE REFERS TO CONVERTIBLE BONDS DUE 2021.  Full Article