Iccrea Banca, Gruppo Bancario Cooperativo Iccrea – Inaugural EUR 500m Expected
Issuer: Iccrea Banca S.p.A. (Ticker: ICCREA)
Legal entity identifier (LEI): NNVPP80YIZGEY2314M97
Issuer Rating: BB / BB- / BBB L (S&P/Fitch/DBRS)
Expected Issue Rating: [BB / BB- (S&P/Fitch)]
Status of the Notes: Senior Preferred Unsecured
Form of the Notes RegS Bearer NGN, Compliance Category 2; TEFRA D
Size: Expect EUR 500m
Pricing Date: 13 October 2020
Settlement Date: [20] October 2020 (T+[5])
Maturity Date: [20] October 2025
Optional Redemption Date : [20] October 2024 (4 years) (one-time call option, at par, in whole and not in part, at the Issuer’s discretion)
Coupon: [•] Fixed, Annual, Act/Act (ICMA) payable in arrear, following unadjusted, until the Optional Redemption Date (Call). If not redeemed on the Optional Redemption Date (Call), quarterly coupon of 3m€+[•]bps, quarterly, Actual/360
IPTs: MS+280bps area
Documentation: EMTN Programme dated 17 September 2020, and as supplemented 13 October 2020
Governing law: Italian Law
Minimum Denominations: EUR 100k+ 1k
Clearing: Euroclear / Clearstream
Listing: Luxembourg Stock Exchange
Target Market: Manufacturer target market (MIFID II product governance) will be eligible counterparties and professional clients only (all distribution channels). No PRIIPs key information document (KID) has been prepared as not available to retail in EEA or the United Kingdom
Issuer: Iccrea Banca S.p.A. (Ticker: ICCREA)
Legal entity identifier (LEI): NNVPP80YIZGEY2314M97
Issuer Rating: BB / BB- / BBB L (S&P/Fitch/DBRS)
Expected Issue Rating: [BB / BB- (S&P/Fitch)]
Status of the Notes: Senior Preferred Unsecured
Form of the Notes RegS Bearer NGN, Compliance Category 2; TEFRA D
Size: Expect EUR 500m
Pricing Date: 13 October 2020
Settlement Date: [20] October 2020 (T+[5])
Maturity Date: [20] October 2025
Optional Redemption Date : [20] October 2024 (4 years) (one-time call option, at par, in whole and not in part, at the Issuer’s discretion)
Coupon: [•] Fixed, Annual, Act/Act (ICMA) payable in arrear, following unadjusted, until the Optional Redemption Date (Call). If not redeemed on the Optional Redemption Date (Call), quarterly coupon of 3m€+[•]bps, quarterly, Actual/360
IPTs: MS+280bps area
Documentation: EMTN Programme dated 17 September 2020, and as supplemented 13 October 2020
Governing law: Italian Law
Minimum Denominations: EUR 100k+ 1k
Clearing: Euroclear / Clearstream
Listing: Luxembourg Stock Exchange
Target Market: Manufacturer target market (MIFID II product governance) will be eligible counterparties and professional clients only (all distribution channels). No PRIIPs key information document (KID) has been prepared as not available to retail in EEA or the United Kingdom