Nctm as deal counsel for the first minibond of Antonio Carraro S.p.A.
Nctm Studio Legale acted as deal counsel in the transaction for the issue of Antonio Carraro S.p.A.’s first minibond.
The minibond, named “Antonio Carraro – 110th Anniversary bond” to celebrate the 110th anniversary of its foundation, was issued for a value of EUR 12m, with a duration of 4 years and a coupon of 3.5%, and is listed on the ExtraMOT PRO3 segment of Borsa Italiana.
The bond loan was subscribed by 11 professional Italian investors.
Antonio Carraro S.p.A. is a Veneto company leader in the production of multifunctional tractors with alternative and innovative solutions intended for market niches.
Nctm team was coordinated by Stefano Padovani and Andrea Iovieno.
In the transaction, Volksbank acted as arranger and placement agent, while KEP Consulting acted as financial advisor to the issuer.