(Alliance News) - Generalfinance Spa has announced that it has renewed its commercial paper promissory note issuance program under substantially the same terms and conditions as the existing program established in 2021.

The commercial papers will be issued up to a total amount of EUR100 million. The program - with a three-year duration - provides for admission of the promissory notes in dematerialized form to Monte Titoli and trading on ExtraMOT PRO.

Massimo Gianolli, chief executive officer of Generalfinance, said, "In our view, promissory notes offer a very interesting opportunity to enable Generalfinance to raise funds directly on the short-term capital market. In addition to being an effective funding tool, they allow for diversification of funding by instrument and type of counterparty."

Generalfinance's stock closed Wednesday up 0.5 percent at EUR11.10 per share.

By Giuseppe Fabio Ciccomascolo, Alliance News senior reporter

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