Press releases

09 ott 2019 11:40 | Relevant information
BFF Banking Group intends to issue senior unsecured preferred notes

Milan, 9th October 2019 – BFF Banking Group has mandated Banca IMI, Citigroup and UniCredit to arrange, in the coming days, a series of institutional investor meetings for the purpose of evaluating a potential issuance of Reg-S senior unsecured preferred notes fixed rate, for a nominal amount up to Euro 300 million and with a long 3 years maturity, to be placed with qualified institutional investors. The notes will be issued under the EMTN programme announced in November 2018.

The final terms and conditions of the notes will be determined closer to the date of the issuance.

To the extent that, subject to market conditions, the transaction is launched, the notes (i) will be offered only to institutional investors in Italy and abroad and outside of the United States of America in accordance with Regulation S under the United States Securities Act of 1933, as amended, and will not be offered or sold in the United States, Canada, Australia, Japan or any other country where the offer or sale of the notes is forbidden under applicable laws; and (ii) will be listed on the regulated market of the Irish Stock Exchange.

On 2nd October 2019 Moody’s assigned to Banca Farmafactoring a long-term issuer rating of “Ba1” with positive outlook. For more information, please see Moody’s press release at the following link: https://www.moodys.com/research/Moodys-assigns-Ba1-first-time-issuer-rating-to-BancaFarmafactoring--PR_411256.

 

***

This communication (and the information contained therein) does not constitute an offer or a solicitation to subscribe for or purchase any securities. The securities described herein have not been and will not be registered under the United States Securities Act of 1993 (as amended) (the “Securities Act”). The securities described herein may not be offered, sold or delivered within the United States or to “U.S. persons” (as defined in Regulation S under the Securities Act) as part of their initial offering. The securities described herein may be initially offered and sold only outside the United States in reliance on Regulation S under the Securities Act and subsequent resales may be made only in accordance with applicable law. Copies of this announcement are not being made and may not be distributed in or sent to the United States, Canada, Australia or Japan.