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Unione di Banche (40EK)

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Thursday 04 March, 2010

Unione di Banche

Issue of Debt

RNS Number : 0900I
Unione di Banche Italiane S.c.p.a.
04 March 2010
 



Final Terms dated 3 March 2010

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

Issue of Euro 700,000,000 Floating Rate Notes due 2013
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. 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 as so supplemented. The Prospectus and the supplemental Prospectus are available for viewing on the website of the Regulatory News Service operated by the London Stock Exchange at www.londonstockexchange.com/en-gb/pricesnews/marketnews and copies may be obtained at the office of the Issuer at Piazza Vittorio Veneto, 8, 24122 Bergamo, Italy, and at the 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:

69

(ii)       Tranche Number:

1

3     Specified Currency or Currencies:

Euro

4     Aggregate Nominal Amount of Notes admitted to trading:

Euro 700,000,000

5     Issue Price:

99.762 per cent. of the Aggregate Nominal Amount

6     (i)         Specified Denominations:

Euro 50,000 and integral multiples of Euro 1,000 in excess thereof up to and including Euro 99,000

       (ii)        Calculation Amount:

Euro 1,000

7     (i)         Issue Date:

5 March 2010

       (ii)        Interest Commencement Date:

5 March 2010

8     Maturity Date:

The Interest Payment Date falling in March 2013

9     Interest Basis:

3 month EURIBOR + 0.65 per cent. 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 Option:

Not Applicable

13    (i)         Status of the Notes:

Senior

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

28 January 2010

14    Method of distribution:

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):

Each period from and including an Interest Payment Date to but excluding the next Interest Payment Date save for the first Interest Period which shall be the period from and including the Interest Commencement Date to but excluding the first Interest Payment Date

(ii)        Specified Interest Payment Dates:

5 March, 5 June, 5 September and 5 December in each year, commencing 5 June 2010, subject to adjustment in accordance with the Business Day Convention specified below

(iii)       Business Day Convention:

Modified Following Business Day Convention

(iv)       Business Centre(s):

TARGET and London

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

Screen Rate Determination

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

Not Applicable

(vii)      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:

EURIBOR01

(viii)  ISDA Determination:

Not Applicable

(ix)       Margin(s):

+ 0.65 per cent. per annum

(x)       Minimum Rate of Interest:

Not Applicable

(xi)       Maximum Rate of Interest:

Not Applicable

(xii)      Day Count Fraction:

Actual/360

(xiii)     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:

As per Conditions

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:

Euro 1,000 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 per 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:

Banca IMI S.p.A.

Merrill Lynch International

NATIXIS

Nomura International plc

Banco Bilbao Vizcaya Argentaria, S.A.

Landesbank Hessen-Thueringen Girozentrale

       (ii)        Stabilising Manager(s) (if any):

Not Applicable

33    If non-syndicated, name of Dealer:

Not Applicable

34    U.S Selling Restrictions:

Reg S Compliance Category 1; TEFRA D

35    Additional selling restrictions:

Not Applicable

 

 

LISTING AND ADMISSION TO TRADING APPLICATION

These Final Terms comprise the final terms required for issue and admission to trading on the London Stock Exchange of the issue of 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)        Listing:

London

(ii)        Admission to trading:

Application has been made by the Issuer (or on its behalf) for the Notes to be admitted to trading on the Regulated Market of the London Stock Exchange with effect from 5 March 2010

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

Euro 3,650

2     RATINGS

Ratings:

The Notes to be issued are expected to be rated:

 

S & P: A
Moody's: A1
Fitch: A +

3     NOTIFICATION

Not Applicable

4     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.

5     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:

XS0491057468

Common Code:

049105746

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) (if any):

Citibank, N.A.

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

Not Applicable

 


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