Saipem: issuance of fixed rate non-convertible bond

FinancialSan Donato Milanese

Not for publication distribution, directly or indirectly, in or into the United States of America, Canada, Japan or in other countries where offers or sales would be prohibited by applicable law.

 

 

San Donato Milanese (Milan), March 29, 2017 – Today Saipem successfully launched a fixed rate bond issue with 5–year tenor for a total amount of €500 million. The notes are issued by Saipem Finance International B.V. under the Euro Medium Term Notes Programme (EMTN Programme).

The 5-year bond pays a fixed annual coupon of 2.75%. The re-offer price is 100.0%.

The notes will be listed on the Euro MTF of the Luxembourg Stock Exchange and have been purchased by institutional investors mainly in Italy, the UK, France, Germany, and Switzerland.

The proceeds of the bond will be used to partially pre-pay the term loan facility of €1.6 billion.

 

Saipem is one of the world leaders in drilling services, as well as in the engineering, procurement, construction and installation of pipelines and complex projects, onshore and offshore, in the oil & gas market. The company has distinctive competences in operations in harsh environments, remote areas and deepwater. Saipem provides a full range of services with “EPC” and “EPCI” contracts (on a “turn-key” basis) and has distinctive capabilities and unique assets with a high technological content.

Website: www.saipem.com

Switchboard: +39 0244231

 

Media relations

Tel: +39 0244234088

E-mail: media.relations@saipem.com

 

Brunswick Italy press office

Tel: +39 024678752;

E-mail: SAIPEMITALY@BrunswickGroup.com

 

Brunswick Group UK press office

Tel: + 44 020 7404 5959;

E-mail: SAIPEM@BrunswickGroup.com

 

Relations with institutional investors and financial analysts

Tel: +39 0244234653;

Fax: +39 0244254295

E-mail: investor.relations@saipem.com

 

Contact point for retail investors

E-mail: segreteria.societaria@saipem.com

 

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