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

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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.

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