Saipem: new issuance of senior, unsecured fixed rate notes

San Donato Milanese (Milan), March 23, 2021 – Today Saipem successfully issued a new fixed rate bond with maturity March 31, 2028 for a total amount of €500 million.

The notes, issued by Saipem Finance International B.V. under the EMTN Programme (Euro Medium Term Note Programme), pay a fixed annual coupon of 3.125% with a re-offer price of 100%.

The notes were purchased by institutional investors mainly located in Italy, France, United Kingdom and Germany and will be listed on the Euro MTF of the Luxembourg Stock Exchange.

Saipem expresses satisfaction for the success of the bond issue in a market environment characterized by increased volatility and strong supply.

The new bond issue further strengthens the capital structure of the Group and extends the average debt maturity.

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 60 countries worldwide and has 32 thousand employees of 130 different nationalities.



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PR Saipem 23.03.2021

pdf - 12-2022