Inter will refinance their bond which matures on December 31, and are set to complete this refinancing by the end of April.
This according to today’s print edition of Turin-based newspaper Tuttosport, who report that the Nerazzurri have had their plan for refinancing the bond worth €400 million approved by credit rating agency Fitch.
The Nerazzurri currently have a double bond worth €400 million, which is set to mature by the end of the year, and which they have not yet refinanced.
However, they have been working to do so and to get the plan done by the end of the year.
However, the club have formalized a plan to do so and have had it approved by Fitch, which will see the deadline to complete the refinancing set to April 30.
With this refinancing, the club will have a significantly larger margin for financial management without the looming obligation to pay off the €400 million in debt contained in the current bond.
