The Financial Situation (88 Viewers)

Quetzalcoatl

It ain't hard to tell
Aug 22, 2007
65,499
Juventus’ BoD issued a bond

APPROVAL OF THE ISSUANCE OF A NON-CONVERTIBLE BOND

Turin, 12 February 2019 – Juventus Football Club S.p.A. informs that the board of directors approved the possibility of issuing a non-convertible bond in a single or several tranche, by 30 June 2019, for a total nominal amount ranging from € 100 million to € 200 million, through placement reserved to qualified investors. The resolution aims at providing the Company with financial resources for its general corporate purposes, streamlining the structure and the maturity of the debt.
Amount, maturity date and features of the bond will be specifically determined based on the opportunities offered by the market. The notes will be listed on a regulated market or a multilateral trading facility of the European Union.
The minutes of the resolution approved by the Board of Directors regarding the issuance of the bond will be made available to the public at the Company’s registered office, on the authorized storage system www.1info.it and will be accessible on the website www.juventus.com in compliance with the applicable law.


anyone into these stuff can explain what it means?
Has this been done by a football club before?
 

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IliveForJuve

Burn this club
Jan 17, 2011
18,399
Juventus’ BoD issued a bond

APPROVAL OF THE ISSUANCE OF A NON-CONVERTIBLE BOND

Turin, 12 February 2019 – Juventus Football Club S.p.A. informs that the board of directors approved the possibility of issuing a non-convertible bond in a single or several tranche, by 30 June 2019, for a total nominal amount ranging from € 100 million to € 200 million, through placement reserved to qualified investors. The resolution aims at providing the Company with financial resources for its general corporate purposes, streamlining the structure and the maturity of the debt.
Amount, maturity date and features of the bond will be specifically determined based on the opportunities offered by the market. The notes will be listed on a regulated market or a multilateral trading facility of the European Union.
The minutes of the resolution approved by the Board of Directors regarding the issuance of the bond will be made available to the public at the Company’s registered office, on the authorized storage system www.1info.it and will be accessible on the website www.juventus.com in compliance with the applicable law.


anyone into these stuff can explain what it means?
We probably need to save our asses after splurging on Ronaldo.
 

Wittl

Senior Member
Contributor
Feb 21, 2017
11,311

tosh_rose

Senior Member
Aug 21, 2010
1,440
Has this been done by a football club before?
The article I read said that Man United and Inter have done that...

"Juventus' bond issuance follows in the footsteps of other soccer giants like Italian rival Inter Milan, and UK-based behemoth Manchester United. Inter sold around €300 million ($339 million; £263 million). of five-year dated debt in late 2017."
 

Quetzalcoatl

It ain't hard to tell
Aug 22, 2007
65,499
The article I read said that Man United and Inter have done that...

"Juventus' bond issuance follows in the footsteps of other soccer giants like Italian rival Inter Milan, and UK-based behemoth Manchester United. Inter sold around €300 million ($339 million; £263 million). of five-year dated debt in late 2017."
Hopefully we're raising funds for the mercato :tuttosport:
 

Valerio.

Senior Member
Jul 5, 2014
5,673
how does one go about purchasing one of these bonds?
I don't think private investors can... they talk about qualified investors (dunno what it means)

Placement of a bond of 175 million

With coupon 3.375% and due on 19 February 2024
PLACEMENT OF A BOND OF EURO 175 MILLION WITH COUPON 3.375% AND DUE ON 19 FEBRUARY 2024
Turin, 13 February 2019 – Following to the Board of Directors’ resolution, Juventus Football Club S.p.A. announces the placement of €175 million non-convertible bond due on 19 February 2024 reserved to qualified investors. The notes will be issued at a price of 99.436% and will pay a fixed annual coupon of 3.375%. The Issuer will request for admission of the notes to listing on the multilateral trading facility (i.e. MTF) Global Exchange Market of Euronext Dublin. The settlement of the notes is expected on 19 February 2019.
The successful transaction attracted orders for an amount in excess of €250 million, receiving demand from Asia, Germany, France, United Kingdom and Italy.
The purpose of the issuance is to provide the Company with financial resources for its general corporate purposes, streamlining the structure and the maturity of the debt.
Morgan Stanley acted as Lead Manager and UBI Banca S.p.A. as Co-Lead Manager in connection with the placement of the notes. The Managers have been advised by Allen & Overy – Studio Legale Associato and the Company by Pedersoli Studio Legale.
This press release is not, and shall not constitute, an offer to sell or a solicitation of an offer to buy the notes, nor shall there be any sale of these securities in any state or jurisdiction in which such an offer, solicitation or sale would be unlawful or restricted by law. No action has been or will be taken to permit a public offering of the notes in any jurisdiction.
The notes may not be offered or sold in the United States or to or for the account or benefit of U.S. persons (as such term is defined in Regulation S under the U.S. Securities Act as amended (the “Securities Act”)) unless registered under the U.S. Securities Act or pursuant to an exemption from such registration. Such notes have not been, nor will be, registered under the U.S. Securities Act or any other securities laws. No authorization has been requested to the Commissione Nazionale per le Società e la Borsa (CONSOB) in relation to the issuance of the notes, pursuant to the applicable law on offer of financial products to the public. Consequently, the notes have not been, nor will be, sold or placed in Italy in the context of an offer to the public.
Not for distribution in the United States and any other jurisdiction where distribution of this press release is restricted by law.
 

Luftwaffles

Il terzo uomo
Dec 1, 2005
5,046
Can someone explian what these bond thing means please... Im sorry Im not very financial wise about this kind of things
Pros and Cons of Nonconvertible Bonds
Nonconvertible bonds have long been recognized as a stable way to grow savings without the volatility associated with the stock market. The biggest drawback to bonds is their lower interest rate compared to stocks, as investors are forced to settle for a lower return in exchange for lower risk. Bonds returned an average of 6.48 percent over the 50 years from 1959 to 2008, while stocks returned 9.18 percent in the same period, according to Russell Investments.
Pros and Cons of Convertible Bonds
The primary advantage of a convertible bond is that it typically offers a better return than a traditional bond without the added risk of the stock market. According to Kiplinger, the return on a convertible bond generally falls between that of bonds and stocks. This higher return comes from the earnings investors gain when the company stock price rises and they trade their bond in for shares of stock. It also comes from the dividends associated with those shares. At face value, the interest rate on a convertible bond is actually lower than that found on nonconvertible bonds. Investors are willing to accept this lower interest rate in exchange for greater flexibility to transform the bond into shares of stock and for the potential to earn more if stock price
 

Elvin

Senior Member
Nov 25, 2005
36,819
Pros and Cons of Nonconvertible Bonds
Nonconvertible bonds have long been recognized as a stable way to grow savings without the volatility associated with the stock market. The biggest drawback to bonds is their lower interest rate compared to stocks, as investors are forced to settle for a lower return in exchange for lower risk. Bonds returned an average of 6.48 percent over the 50 years from 1959 to 2008, while stocks returned 9.18 percent in the same period, according to Russell Investments.
Pros and Cons of Convertible Bonds
The primary advantage of a convertible bond is that it typically offers a better return than a traditional bond without the added risk of the stock market. According to Kiplinger, the return on a convertible bond generally falls between that of bonds and stocks. This higher return comes from the earnings investors gain when the company stock price rises and they trade their bond in for shares of stock. It also comes from the dividends associated with those shares. At face value, the interest rate on a convertible bond is actually lower than that found on nonconvertible bonds. Investors are willing to accept this lower interest rate in exchange for greater flexibility to transform the bond into shares of stock and for the potential to earn more if stock price
Just love your sig, man.
 

The Quazis

Senior Member
Dec 21, 2012
5,096
Can someone explian what these bond thing means please... Im sorry Im not very financial wise about this kind of things
It's pretty simple. An investor buys x amount of these obligations and in 5 years Juventus is obliged (hence "obligation") to buy back these obligations for the same price + 3,75%.

Wysłane z mojego SM-T235 przy użyciu Tapatalka
 

Hust

Senior Member
Hustini
May 29, 2005
93,348
So when we get eliminated in CL by AM and our stock inevitably drops...that’s one of the “cons” of these kinds of bonds? :D
 

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