Saipem: issuance of senior, unsecured fixed rate notes
San Donato Milanese (Milan), July 7, 2020 – Today Saipem successfully launched a fixed rate bond issue with maturity July 15, 2026 for a total amount of euro 500 million.
The notes have been issued by Saipem Finance International B.V. under the EMTN Programme (Euro Medium Term Note Programme).
The notes pay a fixed annual coupon of 3.375% with a re-offer price of 100%.
The notes will be listed on the Euro MTF of the Luxembourg Stock Exchange and have been purchased by institutional investors mainly in Italy, France, Germany and United Kingdom.
The proceeds of the notes will be used for general corporate purposes.
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 35 thousand employees of 120 different nationalities.
Website: www.saipem.com
Switchboard: +39 0244231
Media relations
E-mail: media.relations@saipem.com
Investor Relations
E-mail: investor.relations@saipem.com
Contact point for retail investors
E-mail: segreteria.societaria@saipem.com
pdf - 12-2022