Additional notes nominal amount: €  171,736,000 

Increase of the notes issued on June 24 2016, bringing the total bond size to €600 million

Re-offer  yield of 3.248% with an issue pricing of 102.25 (original offer coupon: 3.75% fixed)

Maturity: 24 June 2021

Salini Impregilo (MTA: SAL) announces the successful placement to institutional investors of a senior unsecured notes for a total nominal amount of € 171,736,000. The new notes will be consolidated and form a single series with the €428,264,000 issued on June 24 2016 and due June 24, 2021, bringing the total bond size to €600 million. The additional notes will also be listed on the Irish Stock Exchange and their settlement is expected on the 20th July, 2016. 

Massimo Ferrari, CFO, commented: “We have seen a very strong demand for our tap bond issue, with orders from more than 140 accounts exceeding four times the notes offered  confirming Salini Impregilo’s solid credit standing amongst fixed income investors. This is the first European non-investment grade issuance post-Brexit referendum and it’s also very significant that compared to the original transaction geographical reach has materially increased demonstrating once again capital markets confidence in the Group. With this transaction we further strengthen the company’s financial structure, extend the average debt maturity profile, reduce the average cost of debt and further shift the variable portion of our debt to fixed rate.”

The proceeds of the placement will be used by Salini Impregilo to reimburse outstanding bank debt and for general corporate purposes.

Banca IMI, BNP Paribas, Goldman Sachs International, Natixis and UniCredit acted as Joint Bookrunner. 

*****

NOT FOR PUBLICATION OR RELEASE, DIRECTLY OR INDIRECTLY, IN OR INTO THE UNITED STATES OF AMERICA, OR TO RESIDENTS IN OTHER COUNTRIES WHERE SUCH DISTRIBUTION OR ANY OFFER OR SALE ARE FORBIDDEN UNDER APPLICABLE LAWS.