Ducati Motor Holding Approves 100 Million Euro Bond Issuance
5 May 2000
Ducati Motor Holding Approves 100 Million Euro Bond IssuanceBOLOGNA, Italy, May 5 Ducati Motor Holding S.p.A. , a leading manufacturer of high performance motorcycles, today announced that the Board of Directors approved a Euro bond issue of 100 million Euros. The tenor of the bonds will be 5 years with repayment at maturity. The pricing and the coupon will be determined at a later date. The bonds be offered only to institutional investors in Italy and outside of Italy, with the exclusion of the U.S., and will be listed on the Luxembourg Stock Exchange. Credit Suisse First Boston and Mediobanca -- Banca di Credito Finanziario S.p.A. have been nominated lead managers for this deal. The Company intends to use the proceeds for debt refinancing. This announcement is neither an offer to sell nor a solicitation of an offer to buy the bonds. There is no assurance that the bond offering will be completed.