Bonds Outstanding
Bonds Outstanding
EQUITY-LINKED BONDS
On December 14th 2020 the Board of Directors of Pirelli approved the proposal for the issue of equity-linked bonds, whose convertibility into ordinary shares “Pirelli & C. S.p.A.” was approved by the Pirelli Shareholders’ Meeting of 24 March 2021, that consequently approved the capital increase against payment in a divisible manner, to service the conversion of said bonds.
As of 22 December 2025, the Company, following the requests for conversion of the equity-linked bonds for a nominal value of Euro 496,500,000, issued n. 84,881,933 ordinary shares and redeemed, at their nominal value, the residual bonds for which conversion had not been requested, in an amount equal to Euro 3,500,000.
EMTN PROGRAM
On February 23rd, 2022, Pirelli's Board of Directors approved an EMTN (Euro Medium Term Note) program for the issuance of senior unsecured non-convertible bonds for a maximum counter value of €2 billion.
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