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Unione di Banche (40EK)

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Thursday 04 June, 2009

Unione di Banche

UBI Banca FRN ?100mln due 201

RNS Number : 3595T
Unione di Banche Italiane S.c.p.a.
04 June 2009
 



Final Terms dated 3 June 2009

Unione di Banche Italiane S.c.p.a

Issue of Euro 100,000,000 Floating Rate Notes due August 2011 

(to be consolidated and form a single series with the existing

Euro 300,000,000 Floating rate Notes due August 2011 issued on 29 May 2009) 

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 17 September 2008 and the supplemental Prospectuses dated 30 January 2009 and 24 April 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 Prospectuses 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:

62


(ii)    Tranche Number:

2



The Notes will be consolidated and form a single series with the existing Series issued on 29 May 2009 (XS0428631815) on or about 15 July 2009 (40 days after the Issue Date)

3

Specified Currency or Currencies:

Euro ("EUR")

4

Aggregate Nominal Amount of Notes admitted to trading:


EUR 100,000,000

5

Issue Price:

99.785% of the Aggregate Nominal Amount plus 7 days' accrued interest from, and including, 29 May 2009 to, but excluding, 5 June 2009

6

(i) Specified Denominations:

EUR 50,000


(ii)Calculation Amount:

EUR 50,000

7

(i)    Issue Date:

5 June 2009


(ii)    Interest Commencement Date:

29 May 2009

8

Maturity Date:

The Interest Payment Date falling in August 2011

9

Interest Basis:

EURIBOR 3 Month +1.40 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 Options:

Not Applicable

13

(i)    Status of the Notes:

Senior


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


10 February 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


  • 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 29 May 2009 to but excluding the first Interest Payment Date


(ii) Specified Interest Payment Dates:

29 August, 29 November, 28 February (or in case of a leap year, 29 February) and 29 May in each year commencing on 29 August 2009, subject to adjustment in accordance with 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):

The day falling two TARGET Business Days prior to the first day of the relevant Interest Period


  • Relevant Screen Page:

EURIBOR01


(ix) ISDA Determination:

Not Applicable


(x) Margin(s):

+1.40 per cent. per annum


(xi) Minimum Rate of Interest:

Not Applicable


(xii) Maximum Rate of Interest:

Not Applicable


(xiii) Day Count Fraction:

Actual/360


(xiv) 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

  • If syndicated, names of Managers:


Not Applicable


 

  • Stabilising Manager(s) (if any):

Not Applicable

33

If non-syndicated, name of Dealer:

CALYON

9, Quai du Président Paul Doumer

92920 Paris La Défense Cedex

FRANCE

34

U.S. Selling Restrictions:

Reg S Compliance Category 1; TEFRA D

35

Additional selling restrictions:

 The selling restrictions applicable to the Republic of Italy are amended as follows:

Republic of Italy

The offering of the Notes has not been registered pursuant to Italian securities legislation and, accordingly, no Notes may be offered, sold or delivered, nor may copies of the Prospectus or of any other document relating to the Notes be distributed in the Republic of Italy, except:

(i) to qualified investors (investitori qualificati), as defined pursuant to Article 100 of Legislative Decree No. 58 of 24 February 1998, as amended (the "Financial Services Act") and Article 34-ter, first paragraph, letter

 b) of CONSOB Regulation No. 11971 of 14 May 1999, as amended from time to time ("Regulation No. 11971"); or 

(ii) in other circumstances which are exempted from the rules on public offerings pursuant to Article 100 of the Financial Services Act and Regulation No. 11971. 

Any offer, sale or delivery of the Notes or distribution of copies of the Prospectus or any other document relating to the Notes in the Republic of Italy under (i) or (ii) above must be: 

(a) made by an investment firm, bank or financial intermediary permitted to conduct such activities in the Republic of Italy in accordance with the Financial Services Act, CONSOB Regulation No. 16190 of 29 October 2007 (as amended from time to time) and Legislative Decree No. 385 of 1 September 1993, as amended (the "Banking Act"); and 

(b) in compliance with Article 129 of the Banking Act, as amended, and the implementing guidelines of the Bank of Italy, as amended from time to time, pursuant to which the Bank of Italy may request information on the issue or the offer of securities in the Republic of Italy; and 

(c) in compliance with any other applicable laws and regulations or requirement imposed by CONSOB or other Italian authority.

PURPOSE OF FINAL TERMS

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

LISTING



  • 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 with effect from the Issue Date


  • Estimate of total expenses related to admission to trading:


GBP 2,700

2

RATINGS



Ratings: 

The Notes to be issued have been rated:



S & P: A 
Moody's: A1
Fitch:  A+

3

INTERESTS OF NATURAL AND LEGAL PERSONS INVOLVED IN THE ISSUE/OFFER


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


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:

The Notes will be consolidated and form a single series with the existing Series upon exchange of the Temporary Global Note for the Permanent Global Note in accordance with Part A, paragraph 24, after 40 days from the Issue Date. The Notes will have a Temporary ISIN Code (XS0429749194) and, upon and after consolidation as aforesaid, the Notes will have the same ISIN Code as the existing Series (XS0428631815). Such consolidation will take place on or about 15 July 2009.


Common Code:

The Notes will be consolidated and form a single series with the existing Series upon exchange of the Temporary Global Note for the Permanent Global Note in accordance with Part A, paragraph 24,  after 40 days from the Issue Date. The Notes will have a Temporary Common Code (042974919) and, upon and after consolidation as aforesaid, the Notes will have the same Common Code as the existing Series (042863181). Such consolidation will take place on or about 15 July 2009.


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):


Citigroup N.A.London Branch

21st floor

Citigroup Centre

Canada Square

Canary Wharf

London E14 5LB

United Kingdom


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



Not Applicable




Click on, or paste the following link into your web browser, to view the associated PDF document.


 http://www.rns-pdf.londonstockexchange.com/rns/3595T_-2009-6-4.pdf


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