19 Dec 2025

Pirola Pennuto Zei & Associati Advises Q Farma on Issuance of Two Non-Convertible Bonds

"Pirola Pennuto Zei & Associati advised Q Farma on the issuance of fixed-rate, non-convertible bonds with a nominal value of €35 million, divided into two tranches: a five-year tranche up to €20 million and a three-year tranche up to €15 million. Q Farma operates in intermediary pharmaceutical distribution following the integration of CEF and UNICO."

Pirola Pennuto Zei & Associati advised Q Farma on the structuring and issuance of non-convertible, fixed-rate bonds. Q Farma, a company operating in the intermediary distribution of pharmaceutical products formed through the recent integration of two sector operators, CEF and UNICO, issued non-convertible bonds with a total nominal value of €35 million. The offering was divided into two tranches: a five-year tranche with an aggregate maximum nominal amount of €20 million and a three-year tranche with an aggregate maximum nominal amount of €15 million. Pirola Pennuto Zei & Associati represented client Q Farma with a team composed by: partner Massimo Di Terlizzi, associate partner Clarissa Galli and associate Giovanna Rossignotti.
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