TIDM0LBN
RNS Number : 9280M
Unione di Banche Italiane S.P.A.
14 May 2020
UNIONE DI BANCHE ITALIANE S.P.A.
(incorporated with limited liability as a "Società per Azioni"
under the laws of the Republic of Italy and registered at the
Companies' Registry of Bergamo under registration number
03053920165, belonging to the VAT Group UBI with No.
04334690163)
EURO 15,000,000,000 COVERED BOND (OBBLIGAZIONI BANCARIE
GARANTITE) PROGRAMME
OF UNIONE DI BANCHE ITALIANE S.P.A
unconditionally and irrevocably guaranteed as to payments
of interest and principal by
UBI FINANCE S.r.l.
(incorporated as a limited liability company in the Republic of
Italy and registered at the Companies' Registry of Milan,
Monza-Brianza, Lodi under registration number 06132280964,
belonging to the VAT Group UBI with No. 04334690163)
NOTICE OF AMENDMENTS OF CERTAIN TRANSACTION DOCUMENTS TO THE
HOLDERS OF
Euro 250,000,000 Floating Rate Amortising Covered Bonds
(Obbligazioni Bancarie Garantite) due 30 April 2022
ISIN: IT0004599491
Euro 1,000,000,000 5.250 per cent. Covered Bonds (Obbligazioni
Bancarie Garantite) due 28 January 2021
ISIN: IT0004682305
Euro 1,500,000,000 3.125 per cent. Covered Bonds (Obbligazioni
Bancarie Garantite) due 14 October 2020
ISIN: IT0004966195;
Euro 1,000,000,000 3.125 per cent. Covered Bonds (Obbligazioni
Bancarie Garantite) due 5 February 2024
ISIN: IT0004992878;
Euro 1,000,000,000 1.250 per cent. Covered Bonds (Obbligazioni
Bancarie Garantite) due 7 February 2025
ISIN: IT0005067076;
Euro 1, 250,000,000 1.000 per cent. Covered Bonds (Obbligazioni
Bancarie Garantite) due 27 January 2023
ISIN: IT0005140030;
Euro 500,000,000 Floating Rate Covered Bonds (Obbligazioni
Bancarie Garantite) due 14 December 2022
ISIN IT0005155673 ;
Euro 1,000,000,000 0.375 per cent. Covered Bonds Covered Bonds
(Obbligazioni Bancarie Garantite) due 14 September 2026
ISIN IT0005215147 ;
Euro 1,250,000,000 1.125 per cent. Covered Bonds Covered Bonds
(Obbligazioni Bancarie Garantite) due 4 October 2027
ISIN IT0005283491 ;
Euro 750,000,000 0.500 per cent. Covered Bonds Covered Bonds
(Obbligazioni Bancarie Garantite) due 15 July 2024
ISIN IT0005320673 ;
Euro 500,000,000 1.250 per cent. Covered Bonds Covered Bonds
(Obbligazioni Bancarie Garantite) due 15 January 2030
ISIN IT0005320665;
Euro 90,000,000 1.780 per cent. Covered Bonds Covered Bonds
(Obbligazioni Bancarie Garantite) due 23 February 2033
ISIN IT0005325151;
Euro 160,000,000 1.750 per cent. Covered Bonds Covered Bonds
(Obbligazioni Bancarie Garantite) due 25 February 2033
ISIN IT0005325334 .
Euro 700,000,000 Floating Rate Covered Bonds (Obbligazioni
Bancaire Garantite) due 16 October 2028
ISIN IT0005347973;
Euro 800,000,000 Floating Rate Covered Bonds (Obbligazioni
Bancarie Garantite) due 12 December 2022
ISIN IT0005355539;
Euro 500,000,000 Floating Rate Covered Bonds (Obbligazioni
Bancarie Garantite) due 11 December 2023
ISIN: IT0005355547;
Euro 500,000,000 Fixed Rate Covered Bonds (Obbligazioni Bancarie
Garantite) due 25 September 2025
ISIN: IT0005364663;
Euro 1,000,000,000 Floating Rate Covered Bonds (Obbligazioni
Bancarie Garantite) due 5 December 2029
ISIN IT0005393936
(the " Covered Bonds ")
In the context of the EUR15,000,000,000 Covered Bond
(Obbligazioni Bancarie Garantite) Programme (the "Programme"),
unconditionally and irrevocably guaranteed as to payments of
interest and principal by UBI Finance S.r.l. (the "Guarantor"), on
7 May 2020 Unione di Banche Italiane S.p.A. (the "Issuer"), the
Guarantor, IW Bank S.p.A., The Bank of New York Mellon, London
branch, BDO Italia S.p.A., The Bank of New York Mellon SA/NV, Milan
branch, BNY Mellon Corporate Trustee Services Limited, TMF
Management Italy S.r.l., Stichting Mara, Barclays Bank plc,
Barclays Bank Ireland plc, Commerzbank Aktiengesellschaft, Crédit
Agricole Corporate and Investment Bank, Deutsche Bank
Aktiengesellschaft, DZ Bank AG Deutsche
Zentral-genossenschaftsbank, Frankfurt am Main, Goldman Sachs
International, ING Bank N.V., Landesbank Baden-Württemberg.
Natixis, Nomura International plc, Société Générale, UBS Europe SE,
Unicredit Bank AG (jointly, the "Parties", and each of them a
"Party") entered into a master amendment agreement to certain
Transaction Documents (the "Master Amendment Agreement").
Capitalized terms used in this Notice and not otherwise defined
herein, shall have the same meaning ascribed to them in the Base
Prospectus approved on 9 July 2019, as supplemented on 9 August
2019, 14 October 2019, 21 November 2019, 13 December 2019 and 3
April 2020 .
The Master Amendment Agreement was entered into in accordance
with the provisions of the Conditions and of the Transaction
Documents regulating the amendment to such Transaction Documents.
The consent of the Representative of the Covered Bondholders has
been obtained in accordance with the Rules of the Organisation of
the Covered Bondholders and the Intercreditor Agreement. The Master
Amendment Agreement has been entered into mainly for the purposes
of amending certain provisions of the following agreements executed
in the context of the Programme : (i) the Master Definitions
Agreement and (ii) the Cover Pool Management Agreement (the
"Amended Agreements").
More in particular, the amendments to the Amended Agreements set
forth under the Master Amendment Agreement have been entered into
mainly for the following purposes:
a) Master Definitions Agreement: With reference to the Master
Definitions Agreement, in order to: (a) to amend the English
definition "Reserve Fund Amount" in order to allow the Issuer to
voluntarily accumulate, as an additional portion of the Reserve
Fund Amount to be credited on the Reserve Fund Account on each
Guarantor Payment Date, any additional amount (as notified from
time to time to the Guarantor and the Calculation Agent) it deems
necessary to be accumulated as reserve (also in order to procure
that the Statutory Tests are met). Any such additional amount to be
transferred on the Reserve Fund Account will be funded out of the
Principal Available Funds and Interest Available Funds through sums
which would be otherwise due and repayable to UBI and IWB as
Sellers and Subordinated Lenders in accordance with the Transaction
Documents and the Priority of Payments , and (b) include some
clarifications relating to the appointment of Barclays Ireland PLC
as Arranger and Dealer.
b) Cover Pool Management Agreement: with reference to the Cover
Pool Management Agreement, in order to amend the formula relating
to the calculation of the Interest Coverage Test, clarifying that
the Expected Revenue Income also includes amounts standing to the
credit of the Reserve Fund Account, which are dedicated to the
payment of interests under the Covered Bonds.
Copies of the Master Amendment Agreement are available for
inspection by the Covered Bondholders during normal business hours
at the registered office of the Representative of the Covered
Bondholders .
This Notice is being published and may be viewed on the Irish
Stock Exchange's website at the following internet address
http://www.ise.ie.
Dated: 14 May 2020
Unione di Banche Italiane S.p.A.
This announcement has been issued through the Companies
Announcement Service of Euronext Dublin.
This information is provided by RNS, the news service of the
London Stock Exchange. RNS is approved by the Financial Conduct
Authority to act as a Primary Information Provider in the United
Kingdom. Terms and conditions relating to the use and distribution
of this information may apply. For further information, please
contact rns@lseg.com or visit www.rns.com.
END
ISEBZLFFBELLBBL
(END) Dow Jones Newswires
May 14, 2020 06:23 ET (10:23 GMT)
Intesa Sanpaolo (LSE:0LBN)
Historical Stock Chart
From Apr 2024 to May 2024
Intesa Sanpaolo (LSE:0LBN)
Historical Stock Chart
From May 2023 to May 2024