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AUTOSTRADE PER L’ITALIA WILL ISSUE BONDS FOR €700.000.000 MATURING IN 2029 AND WITH INTEREST RATE OF 1.875%


Rome, 18 September 2017 – Autostrade per l’Italia announces today it has launched a new series of notes under its €7,000,000,000 Euro Medium Term Note Programme, under which €2.5 billion have already been issued.
The new series of notes (the “New Notes”) have been successfully priced at the following key terms and conditions:
· Aggregate principal amount equal to € 700 million;
· Fixed coupon of 1.875%, payable every year in 26th September, starting from 26th September 2018;
· Issue price of 99.745%; and
· Effective yield to maturity of 1.899%, corresponding to a yield that is 80 basis points above the reference mid-swap rate.
The proceeds from the issue of the New Notes will be used to meet the general funding requirements of the Issuer, including in connection with the tender offers announced on 11 September.
The settlement date and the issue of the New Notes will on 26 September 2017 and the New Notes will be listed on the Irish Stock Exchange.
Banca IMI S.p.A., Banco Santander, S.A., BNP Paribas S.A., Goldman Sachs International, Mediobanca – Banca di Credito Finanziario S.p.A., Morgan Stanley & Co International plc, Natixis and UniCredit S.p.A. are acting as Joint Lead Managers.
The New Notes are part of the transaction announced on 11 September, pursuant to which the company, acting through BNP Paribas as offeror (the “Offeror”) in the context of an intermediated tender offer, invited holders of certain of Autostrade per l’Italia’s existing notes to tender such notes for purchase by the Offeror up to an aggregate principal amount of €650 million across all such series of notes.
In connection with such transaction, an announcement of a non-binding indication of (i) each Series Acceptance Amount, (ii) the Final Acceptance Amount and (iii) any Scaling Factor and Accrued Interest for each Series of Notes, subject to satisfaction of the New Notes Condition and acceptance by the Offeror of valid tenders of notes, is currently expected to be made on 19 September 2017.
Furthermore, an announcement as to whether the Offeror will accept valid tenders of notes pursuant to all or any of the offers and, if so accepted, each Series Acceptance Amount, the Final Acceptance Amount, any Scaling Factor and Accrued Interest for each series of notes (expressed as a percentage of the nominal amount of each series of notes) and (i) the 2019 Notes Purchase Price, (ii) the 2020 Notes Purchase Price, (iii) the February 2021 Notes Purchase Price and (iv) the November 2021 Interpolated Mid-Swap Rate, the November 2021 Notes Purchase Yield and the November 2021 Notes Purchase Price, is currently expected to be made as soon as reasonably practicable on 19 September 2017.
The expected date for payment of the Purchase Amount and Accrued Interest Payments for the notes accepted for purchase and settlement of such purchases is expected to be 21 September 2017.

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The securities described herein have not been, and are not intended to be, registered under the U.S. Securities Act of 1933 as amended (the “Securities Act”) and may not therefore be offered or sold, directly or indirectly, into the United States of America, except following their registration under the Securities Act or pursuant to an applicable exemption.

NOT FOR RELEASE, PUBLICATION OR DISTRIBUTION IN OR INTO OR TO ANY PERSON LOCATED OR RESIDENT IN THE UNITED STATES, ITS TERRITORIES AND POSSESSIONS, (INCLUDING PUERTO RICO, THE U.S. VIRGIN ISLANDS, GUAM, AMERICAN SAMOA, WAKE ISLAND AND THE NORTHERN MARIANA ISLANDS), ANY STATE OF THE UNITED STATES OR THE DISTRICT OF COLUMBIA OR TO ANY U.S. PERSON OR TO ANY PERSON LOCATED OR RESIDENT IN ANY OTHER JURISDICTION WHERE IT IS UNLAWFUL TO DISTRIBUTE THIS DOCUMENT.


2017-09-18 New Notes - ENG.pdf