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| Share Name | Share Symbol | Market | Type |
|---|---|---|---|
| Risanamento | BIT:RN | Italy | Ordinary Share |
| Price Change | % Change | Share Price | Bid Price | Offer Price | High Price | Low Price | Open Price | Shares Traded | Last Trade | |
|---|---|---|---|---|---|---|---|---|---|---|
| 0.0008 | 2.81% | 0.0293 | 0.0293 | 0.0296 | 0.0304 | 0.0287 | 0.0288 | 4,933,805 | 12:53:09 |
From Dec 2019 to Dec 2024
Italian real estate developer Risanamento SpA (RN.MI) said Wednesday a multimillion bond guarantee by its Italian creditor banks is one of the options of the rescue plan drafted by its advisors.
According to press reports, Risanamento's creditor banks - Intesa Sanpaolo SpA (ISP.MI), UniCredit SpA(UCG.MI), Banco Popolare SC (BP.MI) and Banca Popolare di Milano (PMI.MI) - will guarantee a EUR220 million convertible loan expiring in 2014.
The move to guarantee the bond will block other creditors from claiming early repayment.
In July, Milan-based Risanamento's advisors started to work on a new restructuring plan to be submitted to a Milan judge by Sept. 1 in order to avoid bankruptcy.
A hearing has been scheduled for Sept. 22.
-By Sabrina Cohen, Dow Jones Newswires; +39 02 5821 9906; sabrina.cohen@dowjones.com
1 Year Risanamento Chart |
1 Month Risanamento Chart |
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