81 days to go to the AFC Asian Cup, UAE 2019

Inter issue €300m bond to cover debt and increase working capital

inter milan logo

December 12 – Inter Milan have launched a bond issue to raise €300 million to satisfy a loan taken out by former majority owner, Indonesian Erick Thohir. The bond will mature in 2022.

Inter took a €230 million loan from Goldman Sachs in 2014 and the money raised will cover than debt (now at €208 million) as well as providing the club with some short term working capital. Goldman Sachs are managing the bond issue with UBI Banca.

China’s Suning Group bought 70% of Inter Milan for €270 million in June 2016 from Thohir.

As of 30 June 2017 accounts, Inter had total debts of €637 million, though €221 million of that is owed to Suning Group. Inter were valued at €495 million by business magazine Forbes in June.

Contact the writer of this story at moc.l1539629332labto1539629332ofdlr1539629332owedi1539629332sni@n1539629332osloh1539629332cin.l1539629332uap1539629332