Rome, 26 Nov 2025 19:15
Poste Italiane S.p.A. (“Poste Italiane”) successfully returned to the bond market today with a senior unsecured Euro-denominated issuance, targeted at institutional investors, for a total nominal amount of 750 million Euro (the “Notes”) under its €2.5 billion Euro Medium Term Note (EMTN) Programme.
The issuance has been very well received and attracted investor demand exceeding over three times the notes offered, with particularly strong international investor interest coming from France, Benelux, Germany and Austria. The issuance is designed to diversify funding sources and broaden the investor base. Proceeds from the issuance will be allocated to general corporate purposes.
The expected rating of the issuance is BBB+ from Standard and Poor's, Baa2 from Moody’s and BBB+ from Scope.
The main terms of the issuance are:
The settlement date for the Notes is expected to fall on 3 December 2025, the same date on which the Notes will be listed on the regulated market of the Luxembourg Stock Exchange and on the Mercato Telematico delle Obbligazioni (MOT) organized and managed by Borsa Italiana.
The Notes have been placed by a syndicate of banks made up of: Barclays, BNP PARIBAS, BofA Securities, Citigroup, Crédit Agricole CIB, Deutsche Bank, IMI-Intesa Sanpaolo, ING, Mediobanca, Morgan Stanley, Société Générale and UniCredit acting as Joint Bookrunners.
Deutsche Bank AG will act as Paying Agent.
For further information:
Poste Italiane S.p.A. Investor Relations Poste Italiane S.p.A. Media Relations
Tel. +39 06 5958 4716 Tel. +39 06 5958 2097
E-mail: investor.relations@posteitaliane.it E-mail: ufficiostampa@posteitaliane.it
The issuance has been very well received and attracted investor demand exceeding over three times the notes offered, with particularly strong international investor interest coming from France, Benelux, Germany and Austria. The issuance is designed to diversify funding sources and broaden the investor base. Proceeds from the issuance will be allocated to general corporate purposes.
The expected rating of the issuance is BBB+ from Standard and Poor's, Baa2 from Moody’s and BBB+ from Scope.
The main terms of the issuance are:
- Aggregate nominal value: 750 million Euro;
- Maturity: 5 years (3 December 2030);
- Coupon: 3% annual coupon;
- Issue price: 99.7940%;
- Yield: 3.045%;
- ISIN: XS3244877869.
The settlement date for the Notes is expected to fall on 3 December 2025, the same date on which the Notes will be listed on the regulated market of the Luxembourg Stock Exchange and on the Mercato Telematico delle Obbligazioni (MOT) organized and managed by Borsa Italiana.
The Notes have been placed by a syndicate of banks made up of: Barclays, BNP PARIBAS, BofA Securities, Citigroup, Crédit Agricole CIB, Deutsche Bank, IMI-Intesa Sanpaolo, ING, Mediobanca, Morgan Stanley, Société Générale and UniCredit acting as Joint Bookrunners.
Deutsche Bank AG will act as Paying Agent.
For further information:
Poste Italiane S.p.A. Investor Relations Poste Italiane S.p.A. Media Relations
Tel. +39 06 5958 4716 Tel. +39 06 5958 2097
E-mail: investor.relations@posteitaliane.it E-mail: ufficiostampa@posteitaliane.it
