Redemption of the note “€500,000,000 3,000% notes due 8 March 2021” issued by the subsidiary Saipem Finance International B.V.

San Donato Milanese (MI), January 31, 2020 - Saipem announces that, with reference to the notes named “€500,000,000 3.000% notes due 8 March 2021” (the “Notes”) issued by Saipem Finance International B.V. as part of the Euro Medium Term Note programme, Saipem Finance International B.V. has decided to exercise the option for the early redemption of 100% of the nominal amount of the outstanding Notes, in accordance with the terms and conditions set out in the Notes regulations.

The Notes will be redeemed on March 3, 2020.


Saipem is a leading company in engineering, drilling and construction of major projects in the energy and infrastructure sectors. It is “One-Company” organized in five business divisions (Offshore E&C, Onshore E&C, Offshore Drilling, Onshore Drilling and XSIGHT, dedicated to conceptual design). Saipem is a global solution provider with distinctive skills and competences and high-tech assets, which it uses to identify solutions aimed at satisfying customer requirements. Listed on the Milan Stock Exchange, it is present in over 70 countries worldwide and has 32 thousand employees of 120 different nationalities.

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