The information contained herein is not for publication or distribution, directly or indirectly, in or into the United States of America, Canada, Japan or Australia or in any other jurisdiction where it is unlawful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.

FS Italiane: dual tranche 6yr and 10yr Green Bond new mandate

Rome, 16 May 2023

Please see the communication of the relavant transaction:

€€€ Ferrovie dello Stato Italiane SpA EUR dual tranche Benchmark 6yr & 10yr Green Senior Unsecured – IPTs €€€


Ferrovie dello Stato Italiane SpA (Ticker: FERROV, Country: IT)

Issuer LEI Code


Issuer Ratings

BBB stable (S&P) / BBB stable (Fitch)

Expected Issue Ratings

BBB (S&P) / BBB (Fitch)


Reg S, Bearer Notes

Issue Size

EUR Benchmark

EUR Benchmark


6 years

10 years

Settlement Date

23 May 2023 (T+5)

23 May 2023 (T+5)

Maturity Date

23 May 2029

23 May 2033


MS+ 135bps area

MS+ 180bps area


Fixed Actual / Actual (ICMA), unadjusted

Fixed Actual / Actual (ICMA), unadjusted

Denominations EUR 100k+1k
Listing Euronext Dublin (Regulated Market)
Governing Law English
Documentation Issuer’s EMTN Programme (the “Programme”) dated 27 April 2023 / CoC
Joint Bookrunners Barclays, BNP Paribas, Crédit Agricole CIB, Deutsche Bank, Goldman Sachs International, IMI-Intesa Sanpaolo, JP Morgan, Morgan Stanley, Santander (B&D) and UniCredit
Use of Proceeds To finance 100% EU Taxonomy aligned projects (as per SPO), specifically purchase of brand new electric trains for domestic and international services, related maintenance expenses as well as high-speed works on the rail infrastructure as further described in the FS Green Bond framework
Green Bond Framework/Second Party Opinion The Green Bond Framework and the Second Party Opinion are available at:
Second Party Opinion Sustainalytics
Advertisement This communication is an advertisement for the purposes of Regulation (EU) 2017/1129 and underlying legislation. It is not a prospectus. The Base Prospectus is available and the Final Terms, when published, will be available at:
MIFID and UK MIFIR Target Market Eligible Counterparties and Professional clients only (all distribution channels). No EU PRIIPs or UK PRIIPS key information document (KID) has been prepared as not available to retail in EEA or the UK
Timing Books open, today's business
Stabilisation FCA/ICMA
Investor Presentation


This publication (and 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 in any jurisdiction where such distribution or publication would be unlawful. This publication (and the information contained herein) does not constitute or form part of any offer to sell nor a solicitation of any offer to buy or subscribe any securities nor shall there be any offer of securities in any jurisdiction in which such offer or sale would be unlawful. No notes have been and will not be registered under the US Securities Act of 1933, as amended, and may not be offered or sold in the United States of America absent registration or an applicable exemption from the registration requirements. 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. This publication is not a public offer of financial products in Italy as per Article 2, letter (d), of Regulation (EU) 2017/1129

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