KME Group S.p.A. Completes €54.7 Million Bond Issuance

Intek Group S.p.A. (IT:KME) has released an update.

KME Group S.p.A. successfully completed its public offering and exchange offer, issuing bonds totaling €54.7 million. The bonds, with a fixed annual interest rate of 5.75%, will be traded on the MOT starting December 4, 2024. This issuance consolidates KME’s financial standing and offers investors an attractive yield over the next five years.

For further insights into IT:KME stock, check out TipRanks’ Stock Analysis page.