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INTESA SANPAOLO FINALISES BUY BACK OF ITS SUBORDINATED NOTES
 

Torino, Milano, 20th February  2012 – Today - the settlement date for the purchase by Intesa Sanpaolo of its Subordinate Notes pursuant to the Invitation published on February 6th 2012 - the Bank has finalised the buy back of the following principal amount of the Subordinated Notes which were validly tendered for purchase pursuant to the Invitation, and accepted for purchase by Intesa Sanpaolo with its communication dated February 15th 2012.  

Description of the
Subordinated Notes

ISIN

Purchase Price
(% of the
principal amount)

 Principal amount accepted for purchase

Principal amount after the Settlement Date (1)

9.5% Fixed Rate
Resettable Perpetual
Subordinated Notes

XS0545782020

90%

€277,900,000

€722,100,000

8.375% Fixed to Floating
Rate Perpetual
Subordinated Notes

XS0456541506

91%

€493,750,000

€1,006,250,000

8.047% Fixed to Floating
Rate Perpetual
Subordinated Notes

XS0371711663

88%

€454,200,000

€795,800,000

______
(1) Represents, for each series of Subordinated Notes, the issued principal amount of such series less aggregate principal amount of the Subordinated Notes accepted for purchase pursuant to the Invitation. Subordinated Notes (if any) already owned by Intesa Sanpaolo and its subsidiaries have not been excluded. 


As a result of the buy back finalisation, the Intesa Sanpaolo Group net income for the first quarter of 2012 will register a contribution of approximately 180 million euro, including the positive impact of the unwinding of interest rate derivatives, which corresponds to approximately 6 basis points of Core Tier 1 ratio, considering the RWAs at September 30th 2011.

 

 

Investor Relations
+39.02.87943180
investor.relations@intesasanpaolo.com

Media Relations
+39.02.87963531
stampa@intesasanpaolo.com


group.intesasanpaolo.com
 

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