Information pursuant to art. 114, par. 5, Legislative Decree no. 58/1998 (Consolidated Law on Finance)
INTESA SANPAOLO: INFORMATION ON BONDS ISSUED
Torino, Milano, 3 February 2010 – This is to provide information related to the following bonds issued by Intesa Sanpaolo S.p.A.: «Banca Intesa S.p.A. 2006/2012 "Reload3 BancoPosta V collocamento 2006" linked to the performance of five international share Indexes», ISIN IT0004099419 (hereafter the “Bonds”).
Intesa Sanpaolo S.p.A., as issuer (hereafter: “Intesa Sanpaolo”) pursuant to and for the purposes of Consob Communication no. DEM/DME/9053316 dated 8 June 2009 (hereafter: the “Consob Communication”), in compliance with art. 114, par. 5, Legislative Decree no. 58/1998 (Consolidated Law on Finance), in the manner laid down in Part III, Title II, Chapter I of Consob resolution no. 11971 of 14 May 1999 as amended (Issuers Regulation),
HEREBY GIVES NOTICE THAT
a) as at 2 February 2010 Bank of America N.A., identified as Issue Spread Market Maker in the communication to the market dated 28 December 2009, purchased Bonds on the related listing market (Mercato Telematico delle Obbligazioni – “MOT”) amounting to Euro 41,799,000 at a price which reflects, in terms of interest rate spread, the creditworthiness of Intesa Sanpaolo at the time of the Bonds’ issue;
b) the amount bought back accounts for 75.06% of Euro 55,688,000, which is the maximum amount of the Bonds which can be bought at the price which reflects, in terms of interest rate spread, the creditworthiness of Intesa Sanpaolo at the time of the Bonds’ issue;
c) on a solely indicative basis, at that date the value of the Intesa Sanpaolo 6-year CDS (Credit Default Swap)1 was 85.04 bps and at the issue date of the Bonds that value was 8.76 bps.
Intesa Sanpaolo or the entities appointed by it shall inform the market when the Issue Spread Market Maker has purchased up 100% of the maximum amount that may be purchased on the price terms referred to above.
When the amount of the Bonds bought back by the Issue Spread Market Maker reaches the maximum amount of the Bonds that may be purchased on the price terms specified above, the bid price formulated on the related listing market (Mercato Telematico delle Obbligazioni – “MOT”) by the Market Makers, defined in the communication to the market of 28 December 2009, shall reflect all market conditions, including the creditworthiness of Intesa Sanpaolo at that time, and may be lower than the price formulated on the basis of the issue spread.
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1 Credit Default Swap (CDS) is an indicator of the Issuer’s degree of solvency as expressed by the market and consists of a swap hedging the Issuer’s solvency risk. The value of the 6-year CDS has been calculated interpolating the value of the 5-year CDS (as shown on Bloomberg at page “ISPIM SPA CDS EUR SR 5Y”) and the value of the 7-year CDS (as shown on Bloomberg at page “ISPIM SPA CDS EUR SR 7Y”).
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Further information on the bonds issued is available in the listing prospectus which may be consulted on the Italian Stock Exchange website www.borsaitaliana.it and on the issuer’s website group.intesasanpaolo.com.
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Company Domestic Funding and Investor Relations are available for further information (ph. +39 02 85409407, +39 02 87943003, from 8.30 a.m. to 5 p.m.; email fundingdomestico@intesasanpaolo.com, investor.relations@intesasanpaolo.com).
Investor Relations
+39.02.87943180
investor.relations@intesasanpaolo.com
Media Relations
+39.02.87963531
stampa@intesasanpaolo.com
Last updated 3 February 2010 at 13:40
