Rome, 1st August 2019
FS Italiane issued, through a private placement, a new 10 years fixed-rate EMTN bond of 100 million euro, listed on the Irish Stock Exchange.
The notes’ structure, with a coupon set at 1.035%, implies a final spread, on the pricing date in area around 50 basis points below the BTP duration equivalent, the lowest yield ever applied to FS at the pricing date of an EMTN bond.
UniCredit Bank AG acted as Sole Bookrunner.
The issue has an "expected" rating from Fitch (BBB) and from S&P's (BBB) and the related proceeds will finance 2019 Group funding needs as approved by the Board of Directors of FS. The net proceeds will finance the completion of the RFI high-speed network.
With this transaction, the overall amount issued by FS under its EMTN Programme reaches 4 billion and 750 million euro.
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.