(Alliance News) - Campari NV on Tuesday announced that it has successfully placed a 7-year unrated bond aimed at institutional investors only.

The offering concerns a bond that has a total nominal amount of EUR220 million and matures on June 25, 2031, and pays a fixed annual coupon of 4.256 percent.

The company said the bonds will be issued at an issue price equal to 100 percent of par value.

"With this transaction, which follows the repayment of the two bonds maturing in April 2024 for a total amount of EUR300 million, Campari intends to optimize its debt structure through an extension of the average maturity of its liabilities while benefiting from favorable market conditions," the company's note reads.

Campari trades in the green by 0.5 percent at EUR9.58 per share.

By Claudia Cavaliere, Alliance News reporter

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