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Rome, 19th December 2017
New bond issuance for FS Italiane closed with the European Investment Bank which subscribed a Euro 100 million floating rate notes with a 8 years maturity.
The proceeds will finance, for about 16%, the acquisition of the regional trains Pop and Rock to be used within the new public service Contract between Trenitalia and Emilia Romagna Region. Overall 86 new trains, 47 Pop and 39 Rock. The purchasing of these new trains has been financed also through the proceeds from the Green bond issued in November 2017.
It is the second time that the EIB subscribed FS bonds to finance the procurement of regional trains. Indeed, in December 2015 the Euro 300 million bond funded the purchase of 49 locos 250 double-deck coaches, earmarked to the regional fleets of Lazio, Toscana, Veneto, Piemonte and Liguria.
The notes, issued off the Euro 4.5 billion EMTN Programme, got the same Issuer rating from Fitch (BBB) and S&P’s (BBB).
With this transaction the overall amount issued by FS under its EMTN Programme reached 3.75 billion of euro.
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