Rino Mastrotto, a renowned name in the leather industry, has successfully concluded the placement of high-yield market bonds amounting to €320 million. These bonds, featuring a variable interest rate, will mature in 2031, marking a significant milestone for the company.
The issuance and settlement of these ‘senior secured notes’ are set for July 22nd. In addition, Rino Mastrotto has submitted a request for inclusion on the official list of the Luxembourg Stock Exchange. This move aims to gain admission to trading on the Euro MTF Market, highlighting the company’s strategic expansion and financial planning.
“We are proud of the excellent result achieved by Rino Mastrotto in its first bond issuance on the capital market. The significant interest in the operation from Italian and international investors is further recognition of the results achieved by our company in over 60 years of history and confirms the strength of our business model based on excellent craftsmanship and unique technologies.”
Matteo Mastrotto, CEO of Rino Mastrotto
This statement underscores the company’s longstanding reputation and the solid foundation it has built over six decades. It also reflects the confidence that both Italian and international investors have in Rino Mastrotto’s future.
“Today, Rino Mastrotto is globally recognized as the leading multi-material platform for luxury clients, and the remarkable success of the offering confirms the resilience of the business and its impressive growth potential.”
Alessio Masiero, partner of NB Renaissance and shareholder of Rino Mastrotto
Masiero’s comment highlights the company’s global recognition and the robust demand for its offerings. The success of this bond placement not only reaffirms Rino Mastrotto’s position in the market but also showcases its potential for future growth and expansion.
In conclusion, the successful conclusion of the €320 million high-yield bond placement is a testament to Rino Mastrotto’s enduring legacy and robust business model. With strategic financial moves and a strong reputation for quality craftsmanship, the company is well-positioned for continued growth and success in the luxury market.
