Italy’s Prima to redeem €40 million of bonds due 2022 via new issue

By Susanna Moon

Chicago, Feb. 9 – Prima Industrie SpA said it plans to redeem its €40 million bonds due Feb. 6, 2022 using proceeds of a new issue.

Prima plans to issue €25 million of 3.5% seven-year bonds, according to a company announcement.

The redemption is expected to begin in March, the company said.

The bonds were issued Feb. 6.

Prima Industrie is a Collegno, Italy-based company that develops, manufactures and markets laser systems.

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