Italian REIT (Siiq) Beni Stabili has repaid the convertible bond issued in 2006 which expired on 27 October.
The “Beni Stabili S.p.A. 2,5% 2011 Convertible into Ordinary Shares” is listed on the MTA market managed by the Italian stock exchange.
The company announced that bonds have been redeemed at their par value for a total amount of €263.3m with funds raised through an equity-linked bond issue in April 2010.
Beni Stabili also paid the last coupon for an amount of about €6.6m.
