The information contained herein is not for publication or distribution, directly or indirectly, in or into the United States of America, Canada, Japan or Australia or in any other jurisdiction where it is unlawful to publish or distribute this document.
Rome, 10th December 2020
FS Italiane issued a new bond private placement for 80 million euros (series 16). The bond has a 3 years maturity and is issued off the EMTN Programme listed on Euronext.
The bond is issued above par with a zero coupon and thus with a negative yield, equal to -0.114%, for the first time in the history of FS EMTN bonds.
The appreciated credit profile of FS and the market momentum with rates at historic lows, have in fact created value for the Group by eliminating the financial expense on the issued bond.
UniCredit Bank AG acted as Sole Bookrunner.
The bond’s proceeds will be used to finance the Group's investments.
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.