€€€ UnipolSai Assicurazioni S.p.A. 10y Tier 2 - IPTs 4.25%a €€€
Issuer: UnipolSai Assicurazioni S.p.A.
Issuer Rating: Baa2 Negative by Moody’s / BBB Stable by Fitch
Expected Issue Rating: Ba1 by Moody’s / BB by Fitch
Instrument: Subordinated Tier 2 Bullet Notes
Status: Subordinated; junior to senior notes and any other unsubordinated obligations and any other subordinated obligations of the Issuer which rank or are expressed to rank senior to the Notes; at least equally with all other subordinated obligations of the Issuer having a specified maturity date and any other subordinated obligations of the Issuer which rank or are expressed to rank pari passu with the Notes; senior to all classes of share capital, any preferred securities or similar instruments, any guarantee or similar instrument which ranks or is expressed to rank junior to the Notes, and any other subordinated obligation of the Issuer eligible as Tier 1 Own Funds, including as a result of grandfathering
Form of the Notes: Bearer, New Global Note
Size: EUR 500mn (no-grow)
Settlement Date: 1st March 2018 (T+5)
Maturity Date: 1st March 2028 (10y)
Redemption: 100% of the Principal Amount
IPTs: 4.250% area
Modification/Exchange: Upon Regulatory Event, a Tax Event or a Rating Event
Denomination: EUR 100k + 1k
Governing law: English law, except for status of the notes clause which shall be governed by Italian law
Listing: Regulated market of the Luxembourg Stock Exchange
ISIN: XS1784311703
Issuer: UnipolSai Assicurazioni S.p.A.
Issuer Rating: Baa2 Negative by Moody’s / BBB Stable by Fitch
Expected Issue Rating: Ba1 by Moody’s / BB by Fitch
Instrument: Subordinated Tier 2 Bullet Notes
Status: Subordinated; junior to senior notes and any other unsubordinated obligations and any other subordinated obligations of the Issuer which rank or are expressed to rank senior to the Notes; at least equally with all other subordinated obligations of the Issuer having a specified maturity date and any other subordinated obligations of the Issuer which rank or are expressed to rank pari passu with the Notes; senior to all classes of share capital, any preferred securities or similar instruments, any guarantee or similar instrument which ranks or is expressed to rank junior to the Notes, and any other subordinated obligation of the Issuer eligible as Tier 1 Own Funds, including as a result of grandfathering
Form of the Notes: Bearer, New Global Note
Size: EUR 500mn (no-grow)
Settlement Date: 1st March 2018 (T+5)
Maturity Date: 1st March 2028 (10y)
Redemption: 100% of the Principal Amount
IPTs: 4.250% area
Modification/Exchange: Upon Regulatory Event, a Tax Event or a Rating Event
Denomination: EUR 100k + 1k
Governing law: English law, except for status of the notes clause which shall be governed by Italian law
Listing: Regulated market of the Luxembourg Stock Exchange
ISIN: XS1784311703