Intesa Sanpaolo will launch EUR 750 million subordinated Tier 2 bond

TURIN, 01-Sep-2017 — /EuropaWire/ — Intesa Sanpaolo will launch a subordinated Tier 2 bond issue for a maximum nominal amount of €750 million targeted at qualified investors and high-net-worth individuals on the domestic market.

It is a 7-year, floating rate bond issue to be redeemed in whole at maturity.

The coupon, payable quarterly in arrears on 26 March, 26 June, 26 September and 26 December of each year, from 26 December 2017 to 26 September 2024, is equal to 3-month Euribor rate plus 190 basis points per annum.
The offer price is 100%.

The offering period will be from 29 August to 21 September 2017, in case of subscriptions made using door-to-door selling from 29 August to 14 September 2017 and, in case of subscriptions made using distance communication techniques from 29 August to 7 September 2017 unless, in any case, early closure.

The settlement date will be 26 September 2017.

The minimum denomination of each bond is €100,000.

The Issuer has not produced any offering prospectus as this offer is not subject to Part IV, Title II, Chapter I of the Legislative Decree 58 of 24 February 1998 (TUF – Consolidated Law on Finance), as amended and supplemented from time to time, in compliance with Article 100, paragraph 2 of the TUF and Article 34-ter, paragraph 1, letter e) of Consob Resolution 11971/99 (the Issuers’ Regulation) as amended and supplemented from time to time.

The bond will be traded on the Multilateral Trading Facility denominated EuroTLX, organized and managed by EuroTLX SIM S.p.A..

Intesa Sanpaolo Private Banking S.p.A. and Fideuram – Intesa Sanpaolo Private Banking S.p.A. (including through its wholly owned subsidiary Sanpaolo Invest SIM S.p.A.) are the placement agents of the bond offering.

The ratings assigned to Intesa Sanpaolo’s senior long-term debt are: Baa1 by Moody’s, BBB- by S&P Global, BBB by Fitch e BBB (high) by DBRS.

The distribution of this press release, directly or indirectly, in or into the United States, Canada, Australia or Japan is prohibited. This press release (and the information contained herein) does not contain or constitute an offer of securities for sale, or solicitation of an offer to purchase securities, in the United States, Canada, Australia or Japan or any other jurisdiction where such an offer or solicitation would require the approval of local authorities or otherwise be unlawful (the “Other Countries”). The securities referred to herein have not been and will not be registered under the U.S. Securities Act of 1933, as amended (the “Securities Act”), or pursuant to the corresponding regulations in force in the Other Countries and may not be offered or sold in the United States or to U.S. persons (as defined in Regulation S of the Securities Act) unless the securities are registered under the Securities Act, or an exemption from the registration requirements of the Securities Act is available. Intesa Sanpaolo does not intend to register any portion of the offering of the securities in the United States or to conduct a public offering of the securities in the United States. Any public offering of securities to be made in the United States will be made by means of a prospectus that may be obtained from Intesa Sanpaolo and will contain detailed information about the bank and management, as well as financial statements.

This communication is being distributed only to and is directed only at (a) persons outside the United Kingdom, (b) persons who have professional experience in matters relating to investments, i.e., investment professionals within the meaning of Article 19(5) of the Financial Services and Markets Act 2000 (Financial Promotion) Order 2005, as amended (the “Order”), and (c) high net worth companies, unincorporated associations and other bodies to whom it may otherwise lawfully be communicated in accordance with Article 49(2)(a) to (d) of the Order (all such persons together being referred to as “relevant persons”). The securities are available only to, and any invitation, offer or agreement to subscribe, purchase or otherwise acquire such securities will be available only to or will be engaged in only with, relevant persons. Any person who is not a relevant person should not act or rely on this communication or any of its contents.

Investor Relations
+39.02.87943180
investor.relations@intesasanpaolo.com

Media Relations
+39.02.87962326
stampa@intesasanpaolo.com
group.intesasanpaolo.com

SOURCE: Intesa Sanpaolo

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