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Unione di Banche (40EK)

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Monday 02 November, 2009

Unione di Banche

Issue of Debt

RNS Number : 7471B
Unione di Banche Italiane S.c.p.a.
02 November 2009
 



EXECUTION COPY

FINAL TERMS

Final Terms dated 30 October 2009

Unione di Banche Italiane S.c.p.a

Issue of EUR 200,000,000 Floating Rate Notes due November 2014 under the Euro 15,000,000,000 Debt Issuance Programme

PART A - CONTRACTUAL TERMS

Terms used herein shall be deemed to be defined as such for the purposes of the Conditions set forth in the Prospectus dated 6 August 2009 and the supplemental Prospectus dated 10 September 2009 which together constitute a base prospectus for the purposes of the Prospectus Directive (Directive 2003/71/EC) (the "Prospectus Directive"). This document constitutes the Final Terms of the Notes described herein for the purposes of Article 5.4 of the Prospectus Directive and must be read in conjunction with such Prospectus as so supplemented. Full information on the Issuer and the offer of the Notes is only available on the basis of the combination of these Final Terms and the Prospectus. The Prospectus and the supplemental Prospectus are available for viewing at www.ubibanca.it and during normal business hours at the registered office of the Issuing and Paying Agent at 21st Floor, Citigroup Centre, Canada Square, Canary Wharf, London, E14 5LB United Kingdom.


1

Issuer:

Unione di Banche Italiane S.c.p.a.

2

(i)    Series Number:

67


(ii)    Tranche Number:

1

3

Specified Currency or Currencies:

Euro ("EUR")

4

Aggregate Nominal Amount of Notes admitted to trading:



(i)    Series:    

EUR 200,000,000


(ii)    Tranche:

EUR 200,000,000

5

Issue Price:

100% of the Aggregate Nominal Amount 

6

(i) Specified Denominations:

EUR 50,000 


(ii) Calculation Amount:

EUR 50,000

7

(i)    Issue Date:

3 November 2009


(ii)    Interest Commencement Date:

3 November 2009

8

Maturity Date:

3 November 2014

9

Interest Basis:

3 Month EURIBOR +0.875% per annum Floating Rate

(further particulars specified below)

10

Redemption/Payment Basis:

Redemption at par

11

Change of Interest or Redemption/Payment Basis:

Not Applicable

12

Put/Call Options:

Not Applicable

13

(i)    Status of the Notes:

Senior


(ii)    Date Board approval for issuance of Notes obtained:

10 March 2009

14

Method of distribution:

Non-syndicated


PROVISIONS RELATING TO INTEREST (IF ANY) PAYABLE

15

Fixed Rate Note Provisions:

Not Applicable

16

Floating Rate Note Provisions:

Applicable


(i) Interest Period(s):

The period from (and including) the Interest Commencement Date to (but excluding) the first Interest Payment Date and each successive period from (and including) an Interest Payment Date to (but excluding) the next Interest Payment Date


(ii) Specified Interest Payment Dates:

Interest will be payable quarterly in arrear on 3 February, 3 May, 3 August and 3 November subject in each case to the Business Day Convention specified below


(iii) Interest Period Date:

Not Applicable


(iv) Business Day Convention:

Modified Following Business Day Convention


(v) Business Centre(s):

TARGET


(vi) Manner in which the Rate(s) of Interest is/are to be determined:

Screen Rate Determination


(vii) Party responsible for calculating the Rate(s) of Interest and Interest Amount(s) (if not the Calculation Agent):



Not Applicable


(viii) Screen Rate Determination:



-  Reference Rate:

3 Month EURIBOR


-  Interest Determination Date(s):

Two TARGET Business Days prior to the first day of the relevant Interest Period


-  Relevant Screen Page:

Reuters EURIBOR01


(ix) ISDA Determination:



- Floating Rate Option:

Not Applicable


    Designated Maturity:

Not Applicable


- Reset Date:

Not Applicable


(x) Margin(s):

+0.875% per annum


(xi) Minimum Rate of Interest:

Not Applicable


(xii) Maximum Rate of Interest:

Not Applicable


(xiii) Day Count Fraction:

Actual/360


(xvi) Fall back provisions, rounding provisions, denominator and any other terms relating to the method of calculating interest on Floating Rate Notes, if different from those set out in the Conditions:

Not Applicable

17

Zero Coupon Note Provisions:

Not Applicable

18

Index Linked Interest Note/other variable-linked interest Note Provisions:

Not Applicable

1

Issuer:

Unione di Banche Italiane S.c.p.a.

2

(i)    Series Number:

67


(ii)    Tranche Number:

1

3

Specified Currency or Currencies:

Euro ("EUR")

4

Aggregate Nominal Amount of Notes admitted to trading:



(i)    Series:    

EUR 200,000,000


(ii)    Tranche:

EUR 200,000,000

5

Issue Price:

100% of the Aggregate Nominal Amount 

6

(i) Specified Denominations:

EUR 50,000 


(ii) Calculation Amount:

EUR 50,000

7

(i)    Issue Date:

3 November 2009


(ii)    Interest Commencement Date:

3 November 2009

8

Maturity Date:

3 November 2014

9

Interest Basis:

3 Month EURIBOR +0.875% per annum Floating Rate

(further particulars specified below)

10

Redemption/Payment Basis:

Redemption at par

11

Change of Interest or Redemption/Payment Basis:

Not Applicable

12

Put/Call Options:

Not Applicable

13

(i)    Status of the Notes:

Senior


(ii)    Date Board approval for issuance of Notes obtained:

10 March 2009

14

Method of distribution:

Non-syndicated


PROVISIONS RELATING TO INTEREST (IF ANY) PAYABLE

15

Fixed Rate Note Provisions:

Not Applicable

16

Floating Rate Note Provisions:

Applicable


(i) Interest Period(s):

The period from (and including) the Interest Commencement Date to (but excluding) the first Interest Payment Date and each successive period from (and including) an Interest Payment Date to (but excluding) the next Interest Payment Date


(ii) Specified Interest Payment Dates:

Interest will be payable quarterly in arrear on 3 February, 3 May, 3 August and 3 November subject in each case to the Business Day Convention specified below


(iii) Interest Period Date:

Not Applicable


(iv) Business Day Convention:

Modified Following Business Day Convention


(v) Business Centre(s):

TARGET


(vi) Manner in which the Rate(s) of Interest is/are to be determined:

Screen Rate Determination


(vii) Party responsible for calculating the Rate(s) of Interest and Interest Amount(s) (if not the Calculation Agent):



Not Applicable


(viii) Screen Rate Determination:



-  Reference Rate:

3 Month EURIBOR


-  Interest Determination Date(s):

Two TARGET Business Days prior to the first day of the relevant Interest Period


-  Relevant Screen Page:

Reuters EURIBOR01


(ix) ISDA Determination:



- Floating Rate Option:

Not Applicable


    Designated Maturity:

Not Applicable


- Reset Date:

Not Applicable


(x) Margin(s):

+0.875% per annum


(xi) Minimum Rate of Interest:

Not Applicable


(xii) Maximum Rate of Interest:

Not Applicable


(xiii) Day Count Fraction:

Actual/360


(xvi) Fall back provisions, rounding provisions, denominator and any other terms relating to the method of calculating interest on Floating Rate Notes, if different from those set out in the Conditions:

Not Applicable

17

Zero Coupon Note Provisions:

Not Applicable

18

Index Linked Interest Note/other variable-linked interest Note Provisions:

Not Applicable

19

Dual Currency Note Provisions:

Not Applicable


PROVISIONS RELATING TO REDEMPTION 


20

Call Option:

Not Applicable

21

Put Option:

Not Applicable

22

Final Redemption Amount of each Note:

EUR 50,000 per Calculation Amount

23

Early Redemption Amount



Early Redemption Amount(s) per Calculation Amount payable on redemption for taxation reasons or on event of default or other early redemption and/or the method of calculating the same (if required or if different from that set out in the Conditions):







As set out in the Conditions


GENERAL PROVISIONS APPLICABLE TO THE NOTES


24

Form of Notes:

Bearer Notes:


New Global Note:

Yes



Temporary Global Note exchangeable for a Permanent Global Note which is exchangeable for Definitive Notes in the limited circumstances specified in the Permanent Global Note

25

Financial Centre(s) or other special provisions relating to payment dates:

Not Applicable

26

Talons for future Coupons or Receipts to be attached to Definitive Notes (and dates on which such Talons mature):

No.

27

Details relating to Partly Paid Notes:
amount of each payment comprising the Issue Price and date on which each payment is to be made and consequences (if any) of failure to pay, including any right of the Issuer to forfeit the Notes and interest due on late payment:

Not Applicable

28

Details relating to Instalment Notes:
amount of each instalment, date on which each payment is to be made:

Not Applicable

29

Redenomination, renominalisation and reconventioning provisions:

Not Applicable

30

Consolidation provisions:

Not Applicable

31

Other final terms:

Not Applicable


DISTRIBUTION


32

(i) If syndicated, names of Managers:

Not Applicable


(ii) Stabilising Manager(s) (if any):

Not Applicable

33

If non-syndicated, name of Dealer:

 Mediobanca - Banca di Credito Finanziario S.p.A.

34

U.S. Selling Restrictions:

Reg S Compliance Category 1; TEFRA D

35

Additional selling restrictions:

Not Applicable


PURPOSE OF FINAL TERMS

These Final Terms comprise the final terms required for issue and admission to trading on the London Stock Exchange of the Notes described herein pursuant to the Euro 15,000,000,000 Debt Issuance Programme of Unione di Banche Italiane S.c.p.a.






RESPONSIBILITY

The Issuer accepts responsibility for the information contained in these Final Terms.

Signed on behalf of the Issuer:


By:     


Duly authorised



PART B - OTHER INFORMATION

1

LISTING



(i) Admission to trading:

Application has been made by the Issuer (or on its behalf) for the Notes to be admitted to trading on the London Stock Exchange's regulated market with effect from the Issue Date.


(ii) Estimate of total expenses related to admission to trading:

GBP 3,600

2

RATINGS



Ratings: 

The Notes to be issued are expected to be rated:



S & P: A
Moody's: 
A1
Fitch: 
A+

3

INTERESTS OF NATURAL AND LEGAL PERSONS INVOLVED IN THE ISSUE


So far as the Issuer is aware, no person involved in the offer of the Notes has an interest material to the offer.

4

OPERATIONAL INFORMATION



Intended to be held in a manner which would allow Eurosystem eligibility:

Yes
Note that the designation "yes" simply means that the Notes are intended upon issue to be deposited with one of the ICSDs as common safekeeper and does not necessarily mean that the Notes will be recognised as eligible collateral for Eurosystem monetary policy and intra-day credit operations by the Eurosystem either upon issue or at any or all times during their life. Such recognition will depend upon satisfaction of the Eurosystem eligibility criteria.


ISIN Code:

XS0463027028


Common Code:

046302702


Any clearing system(s) other than Euroclear Bank S.A./N.V. and Clearstream Banking, société anonyme and the relevant identification number(s):

Not Applicable


Delivery:

Delivery against payment


Names and addresses of Initial Paying Agent(s):

Citibank, N.A.
21
st Floor, Citigroup Centre
Canada Square

Canary Wharf

London E14 5LB


Names and addresses of additional Paying Agent(s)(if any):

Not Applicable



This information is provided by RNS
The company news service from the London Stock Exchange
 
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