(Finance) – Intesa Sanpaolo announces the final bidding results for repurchase of the perpetual bond “€750,000,000 Additional Tier 1 Notes”. Upon the Offer Expiration, the total nominal amount of Existing Securities validly offered for the repurchase amounted to 503,077,000which represents approximately the 67.08% of the total nominal amount of the Existing Securities in circulation (equal to 750,000,000 euros).
The repurchase of the Existing Securities has been carried out at the same time as the issuance of a new security perpetual bond Additional Tier 1 fixed rate reset denominated in euros for a total nominal amount of 1,250,000,000 euros.
The terms of the New Notes, whose settlement took place on 7 September 2023, are as follows: amount 1,250,000,000 euros, perpetual maturity, first Reset Date: 7 March 2030, 9.125% coupon payable semi-annually in arrears until First Date
of Reset and, subsequently, reset every 5 years at the rate corresponding to the sum between the Margin and the 5-year Mid-Swap Rate,
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