Amco places unsecured senior bond of 500 million

AMCO signs an agreement with Intesa Sanpaolo for the purchase

(Finance) – AMCO successfully placed an unsecured senior bond today 3.5 years maturing on March 27, 2026for a total nominal amount of 500 million euros.

Despite the challenging context, orders were received from more than 60 institutional investors, equal to approximately 1.7 times the final amount of the issue. Foreign investors represent 62% of the allocated amount. In terms of type, 47% of the transaction was allocated to asset managers and the remainder to banks, institutions and pension funds.

The 3.5-year bond has a fixed annual coupon of 4.375% and an issue price of 99.896%. Settlement is scheduled for September 27, 2022. The securities will be listed on the Luxembourg regulated market.

The bond, reserved for institutional investors, was issued under the € 6 billion EMTN Program renewed on September 16, 2022, with an expected rating of BBB by both Standard & Poor’s and Fitch.

Deutsche Bank, IMI-Intesa Sanpaolo, Mediobanca, Morgan Stanley and Santander acted as Joint Lead Managers. Clifford Chance and White & Case acted as legal advisors to AMCO and the banks, respectively.

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