Reopening of fixed-rate bond issue with five-year maturity (December 2013) for anadditional 250 million Euro successfully concluded, Finmeccanica

Release Date: 2009-02-04


Finmeccanica has reopened the fixed-rate bond issue launched in December 2008, issuing additional
bonds totalling 250 million Euro, and bringing the total value of the transaction to 1 billion Euro.
The bonds, with a yield to maturity of 7.121%, have a re-offer gross price of 103.930% and an annual
coupon of 8.125%.
Demand for the issue, placed successfully with institutional investors on the international Eurobond
market, outstripped supply by almost three times. This interest confirms Finmeccanica’s excellent
reputation on the financial and especially the bond markets.
The operation as a whole is part of Finmeccanica’s ordinary debt refinancing activity, and reflects the
group’s policy of maintaining capital structure solidity and financial flexibility.
As with the December 2008 issue, the bonds will be issued by Finmeccanica Finance SA, fully and
unconditionally guaranteed by Finmeccanica SpA under its 2.5 billion Euro Euro Medium Term Note
Programme, and listed on the Luxembourg stock exchange.
Moody’s assigns Finmeccanica a credit rating of A3 (stable outlook), while the Standard & Poor’s
rating is BBB (stable outlook) and Fitch’s is BBB (positive outlook).
Banca IMI, BNP Paribas, Merrill Lynch International, UBS Investment Bank and UniCredit Group acted
as joint bookrunners, while
Type: NORMAL
Company: Finmeccanica
Country: Italy
Url: http://www.finmeccanica.com/EN/Common/files/Holding/Corporate/Sala_stampa/Comunicati_stampa/Anno_2009/ComFin_bond_04_02_09_ING.pdf
 
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