Italian oil refiner Saras SpA (SRS.MI) said Friday it is issuing a EUR250 million five-year bond.

The bond will help lengthen the average maturity of Saras' existing debt, refinance debt coming due and for "general company purposes," Saras said.

The bonds are aimed at institutional investors and have a coupon yield of 5.583%, the company said in a statement.

Unicredit SpA (UCG.MI) and Intesa Sanpaolo SpA's (ISP.MI) Banca IMI unit are the joint bookrunners.

-By Christopher Emsden, Dow Jones Newswires; +39-06-6976-6921; chris.emsden@dowjones.com
Saras Raffinerie Sarde (BIT:SRS)
Historical Stock Chart
From Nov 2024 to Dec 2024 Click Here for more Saras Raffinerie Sarde Charts.
Saras Raffinerie Sarde (BIT:SRS)
Historical Stock Chart
From Dec 2023 to Dec 2024 Click Here for more Saras Raffinerie Sarde Charts.