Press release
Tper SpA, a mobility group and the largest local public transport company in Emilia-Romagna, has completed the issue of an unsecured bond for an amount of 100 million euros, listed on the Irish Stock Exchange, the world's leading marketplace for the regulated market of government and corporate bonds.
This is the second operation of this kind carried out by Tper, which in 2017 had issued a similar bond for an amount of 95 million euros, also listed on the Irish Stock Exchange.
The Tper bond has a duration of five years and a fixed-rate coupon of 4.343% per annum. Listed on the regulated market of Euronext Dublin, the total amount of the loan is €100 million, repayable in three annual installments from 2027 onwards. A favorable rate especially in relation to the current market context. The new bond, non-convertible, were placed exclusively among qualified investors with a long-term investment horizon, through Intesa Sanpaolo (IMI CIB Division), as lead manager, and by Crédit Agricole CIB, as co-lead manager.
With this operation, that has registered a significant response among operators, TPER has diversified its sources of financing and confirmed its serious presence on the international capital market, reaffirming the ability of the Company and the Group of subsidiaries to attract the interest of new categories of investors to support the development plans.
This will give further impetus to the important investments planned in relation to services and intervention projects for road transport in the territories of Bologna and Ferrara and to rail transport in the regional context. An outcome that is not a foregone conclusion and is a source of satisfaction and pride for all those who have worked in recent years to consolidate the company, which represents an important value for the territories in which it operates.
“It is an important result - stated the President and CEO of Tper, Giuseppina Gualtieri - for a company with entirely public capital that at the same time is an industrial player with an investment plan for over 430 million euros. This operation allows Tper to continue to invest by aiming at innovation and environmental sustainability without resorting to the guarantees of the members, in line with the plans shared with the institutions and indeed allows us to anticipate significant investment quotas with respect to the national and community funding already foreseen”.
“This second placement of bonds at very positive conditions – says Fabio Teti, Director of Administration, Finance and Commercial of Tper – once again demonstrates the trust of large institutional investors in the solidity of our Group and in the management and economic-financial capacity that TPER has developed over time”.
Tper S.p.A.