(Alliance News) - Borgosesia Spa announced Tuesday that additional applications have been received to subscribe for the senior, unsecured, non-convertible and non-subordinated bond loan -- named "Borgosesia 2024-2029 TV" for EUR1.2 million approximately.

The loan is thus fully subscribed for a total of EUR30 million.

The new bonds issued in dependence of the above are fully equal to those already outstanding today - admitted to listing in May on Euronext Access Milan.

They will bear a variable interest equal to Euribor 3 Months, increased by 500 basis points per year payable in two semi-annual coupons due on

June 30 and December 31 of each year.

Borgosesia closed Tuesday's session flat at EUR0.69 per share.

By Maurizio Carta, Alliance News reporter

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