Ferrovie dello Stato Italiane SpA Green Bond new mandate - 7yr

Rome, 4th July 2019

Ferrovie dello Stato Italiane SpA (BBB by S&P/BBB by Fitch, both negatives) has mandated Banca IMI, BNP Paribas, Crédit Agricole CIB, Citi and UniCredit, as joint bookrunners for a Euro-denominated Green RegS senior unsecured benchmark transaction in bearer form under the EUR 7bn EMTN Programme, as supplemented 19 June 2019, with a maturity of 7 years. The transaction will be launched in the near future, subject to market conditions. FCA/ICMA stabilisation.

MiFID II professionals/ECPs only - No PRIIPs KID - Manufacturer target market (MIFID II product governance) is eligible counterparties and professional clients only (all distribution channels).

*** Ferrovie (FERROV) EUR 7yr Green bmk – IPT at MS+140/145bps area***

Issuer: Ferrovie dello Stato Italiane SpA

            Ticker: FERROV, Country: IT)

Issuer Ratings: BBB (S&P)/BBB (Fitch), both negative

Format: Senior unsecured, RegS Bearer

Use of Proceed: To finance the public and freight transport rolling  stock renewal as further described in the FS Green Bond framework available on https://www.fsitaliane.it/content/dam/fsitaliane/Documents/investor-relations/Ferrovie_Green%20Bond%20Framework%20update%20-%20June%202019.pdf

Coupon: Fixed, Annual, ACT/ACT, short first

Maturity: 9-Jul-2026

Size: EUR Benchmark

IPTs: MS+140/145bps

Settlement: 9-July-2019 (T+3)

Docs: EMTN/Irish List/EUR100k+1k/CoC


Target Market: 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

Joint Bookrunners: Banca IMI/BNPP/ CACIB / Citi/ UniCredit

Second Party Opinion: Sustainalytics / Climate Bonds Initiative Certification

Timing: Books open, today's business

Fees: The Banks will be paid a fee by the Issuer in relation to the transaction


€€ Ferrovie dello Stato Italiane Green Bond - LINKS €€€


Investor Presentation: https://www.fsitaliane.it/content/dam/fsitaliane/Documents/investor-relations/FS%20-%20Green%20Bond%20Programme%20Investor%20Presentation_June2019.pdf

Green Bond Framework: https://www.fsitaliane.it/content/dam/fsitaliane/Documents/investor-relations/Ferrovie_Green%20Bond%20Framework%20update%20-%20June%202019.pdf

Second Party Opinion: https://www.fsitaliane.it/content/dam/fsitaliane/Documents/investor-relations/Ferrovie%20Green%20Bond%20Second%20Party%20Opinion%20Final.pdf

Pre-issuance verification letter for CBI certification: https://www.fsitaliane.it/content/dam/fsitaliane/Documents/investor-relations/Ferrovie%20CBI%20Pre-Issuance%20Letter_Final.pdf


This publication constitutes neither an offer to sell nor a solicitation to buy or subscribe any securities. The information contained herein is not for distribution, directly or indirectly, in or into the United States of America (including its territories and possessions of any State of the United States of America or of the District of Columbia) and must not be distributed to U.S. persons (as defined in Regulation S of the U.S. Securities Act of 1933, as amended ("Securities Act")) or publications with a general circulation in the United States of America or in any jurisdiction where such distribution or publication would be unlawful. This publication is not an offer of securities for sale in the United States of America. No notes have been and will not be registered under the Securities Act and may not be offered or sold in the United States of America absent registration or an exemption from registration under the Securities Act, as amended. Ferrovie dello Stato Italiane S.p.A. does not intend to register any portion of the offering in the United States of America or to conduct a public offering of the Securities in the United States of America.

This publication is not an offer of securities for sale in United States of America, Italy, the United Kingdom, Canada, Japan or Australia or in any other jurisdiction.

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