Juventus Debt Letter Of Rp. 2 Billion

DBasia.news –  Announcing public debt is rarely done by soccer clubs around the world, especially in Europe. However, Juventus has a  different thought.

Juventus is a different compared to other clubs in Europe regarding their transparency in the policies they apply and the public statements that they issue regarding those policies.

As reported by the official Italian club website, Bianconeri’s side has issued an obligation (debt letter) worth 175 million euros which will be utilized to obtain funds that they will use to carry out all their business activities with a better financial structure.

These obligations will be traded at a value of 99.436% (0.564% below nominal value), with the obligation interest rate of 3.375% per year. The term of this obligation is five years, and is expected to take effect on Tuesday (19/2) local time.

These bonds are non-convertible, which means that all parties who own them cannot convert the obligations into shares in the Juventus business entity