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Serie A Side Inter Milan To Issue Secured Bonds Worth €300M

Inter Milan "officially announced the issuing of secured bonds" worth €300M ($354M), maturing in '22, according to the AFP. The club released a statement confirming the bond offer. The proceeds "will be used to repay the club’s existing debts." The 18-time Serie A champion took out a €230M loan from Goldman Sachs in '14 through former majority shareholder Erick Thohir before he sold nearly 70% of the club to Chinese conglomerate Suning Group. Goldman Sachs "will be the global coordinator and bookrunner of the offer," with UBI Banca co-managing (AFP, 12/11).

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