(Adds new bond details)
MILAN, Jan 30 (Reuters) - Italian state-owned bad loan
manager AMCO on Monday said it planned to launch a tender offer
on a 1.25 billion euro ($1.36 billion) senior bond maturing in
July 2023, offering to repurchase the notes for up to 400
million euros.
AMCO said it planned to pay investors 99.6% of the notes'
nominal value and issue new debt to improve its financial
structure and extend the maturity of its debt.
AMCO mandated Equita, Mediobanca, Morgan Stanley, Societe
Generale and UniCredit as joint lead managers to issue a 500
million euro no-grow and senior unsecured bond due Feb. 6, 2027,
a lead manager said.
($1 = 0.9189 euros)
(Reporting by Valentina Za, Sara Rossi, editing by Gianluca
Semeraro)
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