*** UBI Banca € Tier 2 10nc5 – IPTs 4.500% yield to call *** Reg S Bearer
Issuer................ Unione di Banche Italiane S.p.A.
Issuer Senior Unsecured Rtg.... Baa2(Moody’s)/BBB-(S&P)/BBB(Fitch)/BBBH(DBRS)
Expected Issue Rtg.... Ba2(Moody’s)/BB(S&P)/BBB-(Fitch)/BBB(DBRS)
Security.............. 10NC5 Subordinated Tier 2 Notes / Reg S Bearer
Currency/Size......... EUR Benchmark
Settlement Date....... 5 May 2016
Maturity.............. 5 May 2026
Call Date............. 5 May 2021
Coupon/Interest........Fixed rate, payable annually in arrears. Single
reset on [5] May 2021 to the prevailing 5-year Euro
Mid-Swap Rate plus the Initial Margin
PONV...................Statutory (risk factors)
IPT................... 4.500% yield to call
Denominations......... EUR 100k + 1k
Documentation......... Issuer’s Debt Issuance Programme with Base Prospectus
Governing Law......... English Law - subordination is governed by Italian law
Listing............... Irish Stock Exchange
Bookrunners........... BARC / CS / HSBC (B&D) / JPM (GC) / MS / NATIXIS
Timing................ Books open / Today’s business
dated 30 July 2015, as supplemented
Issuer................ Unione di Banche Italiane S.p.A.
Issuer Senior Unsecured Rtg.... Baa2(Moody’s)/BBB-(S&P)/BBB(Fitch)/BBBH(DBRS)
Expected Issue Rtg.... Ba2(Moody’s)/BB(S&P)/BBB-(Fitch)/BBB(DBRS)
Security.............. 10NC5 Subordinated Tier 2 Notes / Reg S Bearer
Currency/Size......... EUR Benchmark
Settlement Date....... 5 May 2016
Maturity.............. 5 May 2026
Call Date............. 5 May 2021
Coupon/Interest........Fixed rate, payable annually in arrears. Single
reset on [5] May 2021 to the prevailing 5-year Euro
Mid-Swap Rate plus the Initial Margin
PONV...................Statutory (risk factors)
IPT................... 4.500% yield to call
Denominations......... EUR 100k + 1k
Documentation......... Issuer’s Debt Issuance Programme with Base Prospectus
Governing Law......... English Law - subordination is governed by Italian law
Listing............... Irish Stock Exchange
Bookrunners........... BARC / CS / HSBC (B&D) / JPM (GC) / MS / NATIXIS
Timing................ Books open / Today’s business
dated 30 July 2015, as supplemented