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Illimity - Tender Offer -Pricing and Max Acceptance Amt Announcement - XS2270143261

LIABILITY MANAGEMENT TRANSACTION OF ILLIMITY ANNOUNCED ON 30 NOVEMBER 2022 - PRICING OF THE NEW NOTES AND DETERMINATION OF THE MAXIMUM ACCEPTANCE AMOUNT


Full announcement via EURONEXT.


 


ILLIMITY LAUNCHES A LIABILITY MANAGEMENT TRANSACTION INVOLVING THE REPURCHASE OF ITS SENIOR BOND AND A NEW 3-YEAR BOND ISSUANCE


Full announcement via EURONEXT.


"Milan, 30 November 2022 – illimity Bank S.p.A. (the “Bank” or the “Issuer”) announces a buyback offer for cash (subject to the offer restrictions referred to below) for its outstanding “€300,000,000 3.375 per cent. Senior Notes due 11 December 2023” (the “Notes”) and the launch of a new fixed Senior Preferred Notes due 2025 under its €3,000,000,000 Euro Medium Term Note Programme (the “New Notes”).


The Offer and the planned issuance of New Notes will enable the Issuer, amongst other things, to extend its debt maturity profile and further optimize the funding structure with the aim of ensuring a sustainable balance of its funding sources with an adequate diversification.


This announcement must be read in conjunction with the Tender Offer Memorandum dated 30 November 2022 (the “Tender Offer Memorandum”). Capitalised terms used in this announcement but not defined have the meanings given to them in the Tender Offer Memorandum."


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