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AC Milan lists €218 mln in bonds on Vienna exchange

On May 26th Italian football club AC Milan listed on the Vienna stock exchange two bonds for an overall 128 million euros, with a maturity of slightly less than a year and a half, that will be used to pay back a loan to shareholders and the investments necessary for the transfer market.

According to reports by Il Sole 24 Ore-ItalyEurope24 at the end of April the bond will be fully underwritten by hedge fund Elliott, that already lent 303 million euros to the owner of the club, Yonghong Li, for the purchase of the group. The loan will have to be paid back in 18 months.