By William Gullotti
Buffalo, N.Y., July 29 – Ferrari NV completed a private placement to U.S. institutional investors for €150 million of 0.91% senior notes due 2032, according to a press release on Thursday.
Proceeds will be used for general corporate purposes, according to the release.
Ferrari is a luxury sports car manufacturer based in Maranello, Italy.
| Issuer: | Ferrari NV
|
| Issue: | Senior notes
|
| Amount: | €150 million
|
| Maturity: | 2032
|
| Coupon: | 0.91%
|
| Announcement date: | July 29
|
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