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INTESA SANPAOLO RAISES 1.5 BILLION DOLLARS ON THE U.S. MARKET THROUGH THE LAUNCH OF A SUBORDINATED TIER 2 BENCHMARK BOND ISSUE 


Turin - Milan, 9 January 2016 - Intesa Sanpaolo has launched a U.S.$1.5 billion subordinated “Tier 2” benchmark bond issue targeted exclusively at the U.S. and Canadian markets.

It is a 10-year, fixed-rate bond issue under the U.S.$ Medium Term Notes Programme of Intesa Sanpaolo.
The bond placed on the U.S. market is exempt from registration under Section 144A of the U.S. Securities Act. The part targeted at the Canadian market has been placed in the provinces of Ontario and Quebec on the basis of the exemptions applicable to initial placements reserved only for institutional investors (private placement).

The coupon, payable semi-annually in arrears on every 15 January and 15 July of each year from and including 15 July 2016 up to the maturity date, is equal to 5.71% per annum.

The re-offer price is 100%.

Considering the re-offer price, the yield to maturity is 5.71% per annum, representing the yield of 10-year U.S. Treasury Bill plus 360 basis points per annum.

Settlement is due on 15 January 2016.

The minimum denomination of the bond issue is U.S.$200,000 and U.S.$1,000 thereafter.

Banca IMI, BofA Merrill Lynch, Deutsche Bank, Goldman Sachs, JP Morgan Securities and Wells Fargo Securities are the joint lead managers of the bond offering.

The ratings assigned to Intesa Sanpaolo’s senior long-term debt are: Baa1 by Moody’s, BBB- by Standard & Poor’s, BBB+ by Fitch and A (low) 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

 

 

 

 

 

 

Last updated 9 January 2016 at 11:17

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Under Regulation S under the Securities Act, "U.S. person" means: (1) Any natural person resident in the United States; (2) Any partnership or corporation organized or incorporated under the laws of the United States; (3) Any estate of which any executor or administrator is a U.S. person; (4) Any trust of which any trustee is a U.S. person; (5) Any agency or branch of a foreign entity located in the United States; (6) Any non-discretionary account or similar account (other than an estate or trust) held by a dealer or other fiduciary for the benefit or account of a U.S. person; (7) Any discretionary account or similar account (other than an estate or trust) held by a dealer or other fiduciary organized, incorporated, or (if an individual) resident in the United States; and (8) Any partnership or corporation if: (i) Organized or incorporated under the laws of any foreign jurisdiction; and (ii) Formed by a U.S. person principally for the purpose of investing in securities not registered under the Act, unless it is organized or incorporated, and owned, by "accredited investors" (as defined in Rule 501(a) under the Securities Act) who are not natural persons, estates or trusts; and "United States" means the United States of America, its territories and possessions, any State of the United States, and the District of Columbia.

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WARNING: the above certification constitutes a "self-certification" pursuant to Decree of the President of the Italian Republic No. 445 of 28 December 2000. False certifications are punishable by law.

I confirm that I am not resident of, or located in, the United States, Australia, Canada or Japan or one of the Other Countries and that I am not a "U.S. person" (as such term is defined in Regulation S under the Securities Act).
 
 
 

YES NO

WARNING: the above certification constitutes a "self-certification" pursuant to Decree of the President of the Italian Republic No. 445 of 28 December 2000. False certifications are punishable by law.
 
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